VAT news [May 2023]
As part of its Recovery Package, the government has introduced new VAT rules that bring changes to amounts of rates and new classification for some items. The effect of the amendment to the VAT Act on real esta…
Jarošov brewery opposed tax assessment of CZK 1 million – changed rules for others too
In April, the Supreme Administrative Court ended a tax dispute, which had been going on since 2020, when the customs a assessed additional excise tax to the Jarošov brewery in the amount totalling almost CZK 1 …
Technical improvements of intangible assets
What are the rules for technical improvements of intangible assets and their amortisation? What is the definition of intangible fixed assets? What are the technical improvements of intangible assets? The follow…
In brief from international taxation [May 2023]
What is the latest news in international taxation? CJEU rules that the German taxation of real estate funds is not compatible with EU law. Switzerland is holding a referendum on global minimum tax. From next Ja…
The Potential programme will support the research and development infrastructure of enterprises
Soon, it will be possible to support projects for building corporate R&D facilities within the Potential programme of the Operational Programme Technology and Applications for Competitiveness. The Potential pro…
Grant support for putting innovation into practice
The Ministry of Industry and Trade has announced the fifth tender in The Country for the Future programme in sub-programme 3 “Innovation into practice”, in which up to CZK 300 million from the National Recovery…
IFRS Interpretations Committee agenda decision – IFRS 16
We bring an interesting final agenda decision issued by the IFRS Interpretations Committee in April 2023 which concerns the definition of a lease under IFRS 16 Leases.
Legal News [April 2023]: The Supreme Court commented on the legitimate expectation of a non-profit subsidy
Can an employer and employee validly conclude an agreement to extend the notice period at a time when the notice period is already running? The Supreme Court has analysed this question in its judgment No. 21 Cd…
What are the proposed changes to the Act on the Residence of Foreign Nationals
As a result of numerous amendments, the Act on the Residence of Foreign Nationals is marked by considerable complexity and complications. The recodification of the Act planned from 1 July 2025 should remedy thi…