VAT news [September 2022]
The amendment to the VAT Act, which should, among other things, increase the limit for taxpayer registration, is still in the legislative process. The government has issued a regulation that changes the scope o…
Photovoltaic Systems: The Ministry has extended the application deadline
With regard to the current energy crisis, the Ministry of Industry and Trade has extended the receipt of applications for support from the Photovoltaic Systems with/without Accumulation programme (National Reco…
Updated accounting roadmap comparing IFRS Standards and US GAAP
In July 2022, Deloitte published a regularly updated roadmap from the accounting series on US GAAP – related topics, focusing on IFRS to US GAAP comparison.
Calls for digital transformation of enterprises extended
Receipt of applications for subsidies within the Digital Enterprise and Virtual Enterprise calls under the National Recovery Plan has been extended until 31 October 2022. The aim of the announced calls Digital …
Amendments to IAS 12 endorsed for use in the EU
On 11 August 2022, the amendments to IAS 12 Income Taxes titled Deferred Tax related to Assets and Liabilities arising from a Single Transaction were endorsed by the European Commission for use in the European …
Medical certificate as a basis for dismissal
One of the grounds for termination of employment under Act No. 262/2006 Coll., the Labour Code, as amended (the “Labour Code”) is a situation where the employee has lost their long-term medical fitness due to t…
What are the ways to reduce sanctions imposed by the Financial Administration of the Czech Republic?
With regard to the current economic situation, it has become evident that many companies are trying to minimise expenses and invest all financial resources in maintaining or developing their business. One of th…
Amendments to IFRS 17 endorsed for use in the EU
On 8 September 2022, the amendments to IFRS 17 Insurance Contracts titled Initial Application of IFRS 17 and IFRS 9 — Comparative Information were endorsed by the European Commission for use in the European Uni…
Receipt of applications for the main calls of OP TAC has started
After a rather long wait, opportunities for entrepreneurs to receive subsidies in the new 2021-2027 programming period are finally open. One of the first programmes is the Operational Programme Technologies and…