IFRS EU Endorsement Process [April 2022]
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 25 March 2022.
TA CR launches public tender for the TRANSPORT 2020+ programme
The Technology Agency of the Czech Republic has announced a new call for proposals aimed at supporting applied research, experimental development, and innovation in the field of transport ‒ TRANSPORT 2020+. Wit…
RC: Non-monetary payment as a benefit from the employer may also take the form of a monetary payment
The Income Taxes Act specifies that exempted income of an employee is a non-monetary benefit in the form of the use of medical, educational or recreational facilities and contribution to cultural or sporting ev…
How to teach vehicles to communicate with the infrastructure and each other?
A vehicle is driving through a city and, while making a left turn, the driver receives a notification “Attention, crossing with tram”, they stop in time to let the tram pass, as it has the right of way, thus pr…
VAT news [April 2022]
The Coordination Committee of the Czech Chamber of Tax Advisors and the General Financial Directorate drew conclusions on distraints and deductions from salaries, leaseback issues and services provided by munic…
The Supreme Administrative Court: For the purposes of the lapse period, the actual commencement of tax audit is relevant
In a current judgment, the Supreme Administrative Court addressed the issue of the moment of tax audit commencement. It is important to determine this moment precisely as it is the point when the current lapse …
M-ERA.NET 3 CALL 2022 was launched
The Technology Agency of the Czech Republic has announced a public call for proposals focused on materials research, which is addressed to Czech partners of international research consortia, which can be both r…
Interpretation of income from dependent activity paid by third parties
In judgment No. 29 Af 83/2018-102 of January 2022, the Regional Court in Brno ruled on a situation where a taxable entity motivated employees of another entity to sell its products by paying those employees a b…
DORA: Regulation on digital operational resilience and its impacts on financial entities
Regulation in the area of information and communication technology is to be unified into a single legislative act. The European Commission is preparing a set of measures including a Regulation on digital operat…