Posts by author: Marie Velflová

Tax 

Concept of abuse of law in focus of tax administration again

The current case-law shows that the concept of the abuse of law is becoming the inseparable part of tax practice over time; therefore, we bring you another judicial decision on this topic, this time it was made… 

Tax 

Abuse of law in the form of purposeful establishment of a holding company

At the beginning of the year, the Regional Court in České Budějovice dealt with the issue of abuse of the law, which allegedly consisted in the purposeful setting up of transactions so that individuals could av… 

Tax 

Czech Ministry of Finance plans to extend tax support for donations to Ukraine for 2023

In May 2022, Act No. 128/2022 Coll., on measures in the field of taxation in connection with the armed conflict on the territory of Ukraine caused by the invasion of the troops of the Russian Federation, came i… 

Tax 

Tax authorities issued new methodology for the interpretation of Income Taxes Act

Last December, the General Financial Directorate (“GFD”) issued the long-awaited instruction GFD-D-59 on a uniform procedure for the application of certain provisions of Act No. 586/1992 Coll., on Income Taxes,… 

Tax 

Judgment of the Supreme Administrative Court on disguised legal acts in connection with dividend payments

On 31 October 2022, the Supreme Administrative Court issued its judgment No. 2 Afs 94/2021-48, which addressed the issue of a disguised legal act in connection with the payment of a profit share and the concept… 

Tax 

The reduced subject of the road tax and other tax changes come into force in July

The so-called package against the rising fuel prices presented by the Government was published on 8 June 2022 in the Collection of Laws under no. 68/2022 Coll., coming into effect as of 1 July 2022. In the area… 

Tax 

General Financial Directorate updates the interpretation of the Income Taxes Act

Inseparably linked to the Income Taxes Act (“ITA”) is the official instruction of the General Financial Directorate (“GFD”) on a uniform application of certain ITA provisions. Currently, guidance D-22 ref.no. 5… 

Tax 

Hidden amendment to the Income Taxes Act brings new relief for ceased enforcement proceedings

As part of the amendment to Act No. 120/2001 Coll., on Licensed Enforcement Agents and Enforcement Proceedings (Enforcement Act), among other things, Act No. 586/1992 Coll., on Income Taxes (ITA) has also been … 

Tax 

Regional Court addressed accounting in practice

The Regional Court in Brno issued ruling ref. no. 30 Af 83/2018 - 227 which addresses practical accounting problems in interest on loans past due dates, bonuses to employees and accrual accounting principal for… 

Tax 

New approach to tax losses reporting in the corporate income tax return form

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…