VAT news [January 2023]
The General Financial Directorate has published two key pieces of information relating to the current amendment to the VAT Act. The Ministry of Finance has published in its newsletter a new methodology for the …
Announcement of a new timetable for OP TAC for 2023
At the beginning of January 2023, the Ministry of Industry and Trade published the timetable of calls of the Operational Programme Technology and Applications for Competitiveness (OP TAC) for 2023. We have prep…
Tax authorities issued new methodology for the interpretation of Income Taxes Act
Last December, the General Financial Directorate (“GFD”) issued the long-awaited instruction GFD-D-59 on a uniform procedure for the application of certain provisions of Act No. 586/1992 Coll., on Income Taxes,…
Model Financial Statements under IFRS as adopted by the EU for the year ended 31 December 2022
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
Energy price cap – from January for large companies as well
In December 2022, the government approved the capping of electricity and gas prices for households, small and medium-sized enterprises and now also for large enterprises. The price cap came into force on 1 Janu…
When is a document presumed to have been delivered to the taxable entity’s data box?
As part of the shutdown of data boxes at the end of 2022, the data box system was updated so that the generated proofs of delivery of documents delivered by administrative authorities are in accordance with las…
Transport 2030 Programme will support transport innovations
The Transport 2030 Programme is a subsidy programme of the Ministry of Transport to support applied research and innovations in the transport sector. The Programme was approved by the government in September 20…
Customs news: Prepare for important changes
As we have informed you in the past, some countries within the EUROMED region (Europe and the Mediterranean region), which allow each other zero-duty trade on the basis of preferential origin, are adopting more…
2023 payroll accounting news
Since 1 January 2023, the minimum wage has increased to CZK 17,300. This has led to changes in the amounts of taxes and contributions for selected groups of employees. The rates of foreign and domestic meal all…