VAT news [February 2023]
The amendment to the VAT Act, which will bring, among other things, a set of new obligations for financial institutions making cross-border payments, has been delivered to the Chamber of Deputies. Since January…
COVID-19 aid receipt audits: How to prepare?
Although the COVID-19 pandemic is no longer the latest issue, with increasing pressure on public budgets, we can expect more and more frequent launches of audits on the use of benefits and aids related to the C…
IFRS Interpretations Committee agenda decisions
We bring two interesting final agenda decisions issued by the IFRS Interpretations Committee in 2022. The first concerns the forgiveness of lease payments by the lessor, the second concerns the question of whet…
The first thematic calls of the Just Transition Operational Programme were opened
At the beginning of this year, the Ministry of the Environment announced the first set of thematic calls under the Just Transition Operational Programme focusing on school modernisation and circular economy. Th…
Corporate training for employees: Applications will be accepted soon
Vocational training and employee development will soon be supported by a subsidy of up to CZK 10 million from the Operational Programme Employment Plus. The announcement of Call No. 47 of this programme is plan…
Russia and other countries added to EU blacklist
In mid-February, the European Council updated the EU list of non-cooperative jurisdictions for tax purposes (“the EU blacklist”). In addition to the British Virgin Islands, Costa Rica, and the Marshall Islands,…
What are the rules for levies on excess income in the energy sector?
Several measures and legislative acts have recently been adopted in the context of the energy market emergency. While capping of energy prices has been introduced for households, a levy on the excess income fro…
When can a taxpayer be entitled to “interest on interest”?
In practice, we have recently noticed an increase in claims for the second (or third, etc.) interest in relation to the late repayment of overpayments of first interest from the tax administrator, often referre…
The Ministry has opened the application process for the Innovation Vouchers programme
One of the first subsidy opportunities this year is the Innovation Vouchers programme – Call II, announced by the Ministry of Industry and Trade in January. The programme can provide funding of up to CZK 1 mill…