The forthcoming amendment to Act No. 353/2003 Coll. on Excise Duties, as amended (hereinafter referred to as the “Excise Duties Act”), and other related acts is expected to enter into force on 1 January 2025. A…
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 27 May 2024.
In the first half of May, the Ministry of Industry and Trade announced the long-awaited call Energy Savings – Call II, and on 24 May, the application reception started. Entrepreneurs have the opportunity to rec…
In the third quarter of this year, the Operational Programme Technologies and Application for Competitiveness (OP TAC) will bring a novelty in the area of subsidies for research and development – it is going to…
Lately, tight cooperation between companies and individuals has come under the scrutiny by the State Labour Inspection Office more and more often. In practice, the main risk lies in the assessment of the relati…
In its recent judgment, the Supreme Administrative Court (SAC) took up its preceding ground-breaking decisions regarding the tax deduction interest rate and responded to the probably last remaining question abo…
The European Commission postponed VAT changes that were to become valid in 2025 for several years. The Court of Justice of the European Union clarified rules for the determination of tax base for internally dev…
On 14 May 2024, an amendment to the VAT Directive was discussed at the European Union level (ECOFIN). This amendment contains three main pillars aimed at modernising and simplifying the tax system in the EU. Th…
On 15 May 2024, the amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures titled Supplier Finance Arrangements were endorsed by the European Commission for use in the Europea…