After weeks of debates and negotiations, the Czech government presented its consolidation and austerity package for the next few years at a press conference on 11 May 2023. The package contains a set of measure…
On 6 March 2023, the Czech Office for Personal Data Protection (UOOU) published an updated version of its recommendations on the use of cookies on its website. These updated guidelines provide website operators…
Naturally, no one likes to think about death, but it is an inevitable part of everybody's life. To avoid your loved ones being caught up in the unpleasant and lengthy inheritance proceedings or the financial di…
Until recently, the cryptocurrency market has not been regulated at EU level, resulting in divergent national legislation across EU Member States. This situation has been resolved through the MiCA unified legis…
The amendment to the VAT Act in Slovakia has brought several significant changes that came into force on 1 January 2023. The most significant changes include the introduction of an obligation for customers to c…
Intragroup transactions and transfer pricing are continuously on the radar of tax administrations around the world, including the Czech Financial Administration. Therefore, tax audits with focus on transactions…
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 5 April 2023.
The Corporate Sustainability Reporting Directive (CSRD) was published in the Official Journal of the European Union on 15 December 2022, and it entered into force on 5 January 2023. The transposition period for…
Some reporting entities prepare an obligatory separate cash flow statement as part of the financial statements, others prepare it voluntarily – e.g. based on the requirements of users, typically investors. Some…