IASB published amendments to IAS 12
On 23 May 2023, the International Accounting Standards Board (IASB) published 'International Tax Reform — Pillar Two Model Rules (Amendments to IAS 12)' to respond to stakeholders’ concerns about the potential …
Marketing grant programme will support international expansion of companies
On 19 June 2023, the Ministry of Industry and Trade opened receipt of applications for support under Call I. Marketing in the Operational Programme Technology and Applications for Competitiveness. The purpose o…
Cross-border work in the EU: social security and the new framework agreement
The EU Administrative Commission has approved a new framework agreement on social security coordination, which will come into force on 1 July 2023. The agreement responds to the changing labour market, in parti…
VAT news [June 2023]
What can you read about in the June VAT news? The Czech Republic submitted a proposal to the EU Council to apply a reduced VAT to the supply of environmentally friendly products. The Supreme Administrative Cour…
Travel for foreign nationals in summer and beyond
The Czech Republic is approaching the time of summer vacation and the resulting significant movement of foreigners in holiday destinations. What are the rules for foreigners travelling within and outside the Sc…
Artificial intelligence and its regulation in the European area
Artificial Intelligence (AI) is now integral to our everyday lives. However, the rapid growth of this technology has raised many questions and concerns. European Union has set itself the task of establishing a …
Legal News [June 2023]: Supreme Court addresses the issue of the non-existence of a legal transaction
Is it possible to give two successive notices or to terminate the employment relationship twice? The Supreme Court has ruled that the answer is yes, and that giving a second notice due to uncertainty about the …
The Recovery Package in the context of tax changes
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
Non-compliance with electronic filing of tax returns exceptionally without penalties
The tax authorities will not impose penalties for non-compliance with the electronic method of filing tax returns. The reason is the extension of the range of persons for whom a data box has been established as…