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…
Unlock the potential of digital procurement: how digital procurement can help you achieve and track your sustainability goals
As businesses strive to remain competitive, sustainability has become an increasingly important consideration. In recent years, more and more companies have adopted digital procurement as a means to meet their …
Carbon tax approved: new obligations for importers
The EU’s Carbon Border Adjustment Mechanism (CBAM) is a landmark tool to put a fair price on the carbon emitted during the production of carbon intensive goods entering the EU, and to encourage cleaner industri…
IFRS EU endorsement process [May 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 5 April 2023.