Current state of EU legislation on AI
Legislative processes within the European Union may seem complex not only in terms of their form but also in terms of their timeframe. This is also true for the Artificial Intelligence Act (AI Act). To provide …
Practical examples of AI – a summary from the Deloitte + AWS Experience Lab
In today's rapidly advancing technological landscape, few innovations have captured our imagination and transformed industries quite like Artificial Intelligence (AI). From self-driving cars to personalized rec…
What’s new in immigration law from summer 2023?
The latest amendment to the Act on the Residence of Foreigners, the Employment Act and the Public Health Insurance Act, and other related acts was approved in June 2023 and most of the changes brought by it cam…
Whistleblower protection finally in the Czech Republic
On 20 June 2023, a new Whistleblower Protection Act was published in the Collection of Laws under number 171/2023 Coll. The Act sets a minimum standard of whistleblower protection and requires obliged entities …
Updated Interpretation of the National Accounting Board I-8
The following article briefly summarises the key points of the National Accounting Board’s updated interpretation I-8 Social Fund and Similar Funds from Profit.
Transfer pricing: judgment on the including the depreciation of valuation difference in the cost base
The Regional Court in Hradec Králové issued judgment No. 31 Af 21/2022-99 on transfer pricing, where it confirmed the tax administrator’s view that when a valuation difference arises in an intra-group restructu…
IFRS EU endorsement process [June 2023]
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 2 June 2023.
The Government approved an amendment to the Act on Transformations of Companies and Cooperatives
Relatively much has been written in the professional press about the forthcoming amendment to Act No. 125/2008 Coll., on Transformations of Companies and Cooperatives. However, the current wording of the draft …
The Regional Court ruled on the issue of the beneficial owner of royalties
We bring you a recent judgment of the Regional Court in Brno (no. 29 Af 62/2018), which considered the issue of the beneficial owner of income arising from the royalties paid abroad. Recently, beneficial owners…