VAT news [November 2024]
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…
Get support to build affordable rental housing
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…
End of duty stamps in the Czech Republic
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…
Legal News [November 2024]: Do shareholders have a fundamental right to a fair exit?
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…
What is new in the customs tariff for 2025
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…
The National Council of the Slovak Republic adopted changes to corporate taxation
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…
Legal News [October 2024]: Supreme Court examined conclusion of oral agreement
This month, the Supreme Court brought three important case-law developments that you should not miss. For example, the Court examined the matter of the conclusion of an oral agreement, confirming that it cannot…
Proposal to introduce an optional deferred tax regime for ESOP income
On 24 October 2024, a further amendment to the Income Tax Act (ITA) relating to the taxation of income from Employee Stock Ownership Plans (ESOPs) was submitted to the Chamber of Deputies by Amendment No. 5239 …
IFRS EU endorsement process [October 2024]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 11 October 2024.…