Effective from 1 January 2024, Section 34c of the Income Taxes Act has been amended by adding a new provision stating that in case of doubts by the Tax Administrator, the content of the project documentation ca…
In its July 2023 decision, the Supreme Administrative Court ("SAC") upheld the existing case law stating that a taxpayer is not entitled to interest on an incorrectly assessed tax if the taxpayer paid the tax b…
Recently, we have seen an increasing interest of the tax authorities in the abuse of law. The Municipal Court in Prague (Ref. No. 3 Af 20/2021-43) recently examined one such case of abuse of law in connection w…
The Tax Code allows for the waiver of penalties, default interest, interest on deferred amount and fine for late claims. Once the basic conditions, i.e. the formal requirements and a good tax morale, have been …
In the previous days, a draft law on income tax was to be discussed, which would implement the extraordinary profit tax (Windfall Tax) into law from 2023 (for a period of three years). It is an instrument that …
The most frequent and regular way of communication between the tax administrator and taxpayers is in written form, whether electronically through a data mailbox or in paper form by post. However, the tax admini…
As we have already informed you, starting next year, the upcoming legislation will impose a new reporting obligation on the operators of digital platforms; they will be required to disclose information to the t…
Deloitte Legal’s tax litigation team has succeeded in obtaining a landmark ruling in the area of compensatory interest on tax deductions, ending a period of uncertainty over the amount of compensation to which …
On 31 March 2022, the General Financial Directorate (GFD) published information on the website of the tax administration of the Czech Republic regarding the tax assessment of transactions with cryptocurrencies,…
The Regional Court in Prague has recently issued a judgement favourable to VAT payers on fines for VAT control statements. In the judgement 43 Af 6/2020-37, the court assessed whether submitting the control sta…