Until 31 December 2024, the income of natural persons from the sale of securities and shares in business corporations is fully exempt from the personal income tax if the “time test” is met, i.e. 3 years for sec…
On 15 November 2024, the amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates titled Lack of Exchangeability were endorsed by the European Commission for use in the European Union. The EU effec…
On 24 October 2024, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2024 financial and sustainability statements will focus on.
The amendment to the VAT Act has advanced from the Chamber of Deputies to the Senate. A coordination committee of the General Financial Directorate (GFD) and the Chamber of Tax Advisers of the Czech Republic (K…
The State Investment Support Fund has started accepting applications for financial support under the Affordable Rental Housing grant and loan programme. This programme allows to obtain funds of up to CZK 250 mi…
Starting from 1 January 2025, the Czech Republic will undergo a significant change that will affect the way citizens and legal entities pay fees at various authorities. After more than 100 years, duty stamps, w…
What past month’s Supreme Court decisions should you not miss? We recommend paying particular attention to the judgment in the matter of a “shareholder’s right to a 'fair exit'”, which the SC defined as a funda…
On 31 October 2024, the EU customs tariff for 2025 was published (effective from 1 January 2025). The updated tariff introduces new customs codes for selected goods or changes the scope of existing codes. Altho…
On 3 October 2024, the National Council of the Slovak Republic adopted draft acts which aim to contribute to the long-term stabilisation and sustainability of public funds. The adopted acts introduced a new tax…