IFRS Interpretations Committee agenda decisions
We bring two interesting final agenda decisions issued by IFRS Interpretations Committee in 2021.
In Brief from International Taxation [February 2022]
Temporarily reduced or zero VAT rates were introduced in Poland. The clarity on taxation of crypto coins shall be secured by recently published guidelines by Swiss Tax Authorities. New tax measures for taxation…
Will there be a change in the definition of business activities currently registered under “Production, trade and services not lis…
Production, trade and services not listed in Appendices 1-3 to the Trade Licensing Act. Every one of us has seen an extract from the Commercial Register using this term. However, there is no way to find out fro…
Why use the tax information box PLUS?
In practice, we recommend our clients use the current tax information box PLUS (DIS+) available at www.mojedane.cz. It is basically an online overview of a company's personal tax accounts (similar to internet b…
Contributions to the protection of intellectual property rights for SMEs
This year, the European Union allows for small and medium-sized enterprises to receive an Intellectual Property Rights allowance. The MSP Ideas Powered for Business grant programme will distribute up to €16 mil…
Update to the OECD Transfer Pricing Guidelines
On 20 January 2022, the Organisation for Economic Co-operation and Development (OECD) published a new version of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrators (“Guidelines…
Important changes to investment incentives
The former government approved two important changes in the area of investment incentives during November 2021. The first one is a new map of regional aid, which adjusts the percentage of aid granted in each re…
EU specifies non-financial reporting requirements: Reporting obligations to apply to smaller companies as well
The Taxonomy of sustainable activities will be subject to a number of adjustments and updates in the future. However, medium-sized and smaller enterprises should already take this EU regulatory system into acco…
COP26 fails to achieve fundamental goals
The Glasgow Climate Change Conference brought much debate at the end of 2021. Unfortunately, the states failed to meet public expectations and the conference ended on a bitter note. At the same time, a newly is…