Financial statements are a set of accounting statements prepared by an entity for a reporting period as of the balance sheet date. There are three types of financial statements: ordinary, extraordinary and inte…
In April and May 2021, Deloitte’s Global IFRS Office published three new interesting publications relating to IFRS.
On 18 May 2021, the European Commission (“EC”) published its long-awaited Communication on Business Taxation for the 21st Century, introducing a short-term and long-term vision for the business tax policy agend…
In its recent ruling, the Supreme Administrative Court ruled in favour of a taxpayer in a case of an alleged VAT fraud where no outstanding tax existed at the time of the decision. In the heard case, the tax ad…
June’s news from International Taxation brings information about new tax measures in Germany and Belgium which were introduced with the aim to combat abuse and unfair tax competition. Further, it informs about …
Are you an employee cardholder and planning to change your employer? When giving notice about the change of employer, you are supposed to not only submit the documents required by law but also to meet the set d…
As of 1 July 2020, an amendment to the Income Taxes Act regarding the utilisation of tax losses became effective through Act No. 299/2020 Coll. In addition to the newly introduced tax regime where a tax loss ca…
In its decision of 18 May 2021, the Constitutional Court rejected a motion to repeal Act No. 364/2019 Coll., which amended the method of creation and tax-deductibility of technical reserves with regard to insur…
As a protection against unauthorised asset seizures, obligated persons can open the so-called protected account starting from 1 July. The protected account cannot become subject to seizure and shall be used to …