VAT News [February 2026]
In the February news in the field of VAT, we bring you a summary of interesting case law that has recently been dealt with by the Court of Justice of the European Union. In the article you will find, for exampl…
Mandatory e-invoicing is approaching. In Slovakia, it will come into effect next year
From 2030, EU companies will be required to use electronic invoicing for cross‑border supplies of goods. While it may appear distant, effective preparation typically takes longer than expected. Businesses with …
Amendment to the R&D deduction in the context of current case law
From the beginning of 2026, tax support for research and development (“R&D”) has been significantly strengthened. Taxpayers can now deduct 150% of the costs incurred from the tax base, up to a limit of CZK 50 m…
New Accounting Act is in the Chamber of Deputies. What changes will it bring?
On 12 December 2025, the Ministry of Finance (then still headed by Zbyněk Stanjura) submitted the long‑awaited new Accounting Act, along with an accompanying act amending related legislation, to the Chamber of …
Gradual abolition of withholding tax
In connection with the introduction of the Uniform Monthly Employer Report, changes are also being made to taxation, specifically the withholding tax on income from dependent activities is being gradually aboli…
IFRS EU endorsement process [January 2026]
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 18 December 2025…
Illustrative financial statements under IFRS Accounting Standards as adopted by the EU for the year ended 31 December 2025
The version of the illustrative consolidated financial statements under IFRS Accounting Standards as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech …
Closing out 2025 in financial statements under IFRS Accounting Standards
This article provides a high-level overview of the new and revised IFRS® Accounting Standards effective for the December 2025 calendar year-end and subsequent accounting periods.
New calls for the Innovation Fund: billions of euros to decarbonise industry and clean technology
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has launched new calls for the Innovation Fund, one of the EU's key instruments to support the transition to climate neutrality. The…