Delayed announcement of OP TAC calls
At the end of February 2024, the Ministry of Industry and Trade updated the schedule of calls for proposals of the Operational Programme Technologies and Application for Competitiveness (OP TAC), delaying the a…
Legal News [March 2024]: Post-traumatic stress disorder as a work injury?
Post-traumatic stress disorder as a work injury, payment of a debt by a third party without the debtor’s consent, designation of a regular place of work in the absence of an agreement thereon, or delay in payme…
What lies ahead for IFRS accounting standards
After a long period of relative calm, with six years having passed since the last standard – IFRS 17 Insurance Contracts – was issued, several new IASB developments are on the horizon in both the near and dista…
In brief from international taxation [March 2024]
The UK has introduced rules against the abuse of the transitional safe harbour measure under Pillar 2. Germany has updated its compliance guidelines for virtual currency transactions, along with guidance on the…
Lease reporting under the draft of the new Accounting Act
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. One of the major changes that the new Accou…
Signing in to the ISKP21+ grant portal changes
Starting from 29 March 2024, it will no longer be possible to sign in to the ISKP21+ grant portal via “ADFS”, i.e. by filling in a username and password. So, in case you are preparing a project plan or are alre…
The announcement of the second public competition of the TRANSPORT 2030 programme
The Technology Agency of the Czech Republic presents a second public competition of the TRANSPORT 2030 programme, which was announced on 28 February 2024. Within the programme, funds may be obtained for applied…
SAC: Essential expenditures and the taxpayer’s possibilities to prove them
Recently, the Extended Chamber of the Supreme Administrative Court (SAC) expressed its opinion on whether the tax administrator is obliged to take account of so-called essential expenditures (costs) in a situat…
Experts from the Technology Agency of the Czech Republic will evaluate research and development tax deductions
The Tax Administration of the Czech Republic is launching a pilot project on the assessment of R&D activities in order to facilitate the use of R&D tax deductions. This is a further response of the state to the…