After a year since the end of the external comment procedure, the Ministry of Finance of the Czech Republic has published a draft of the new Accounting Act, thus introducing a long-awaited concept of the new ac…
On 13 October 2023, the consolidation package, or print no. 488 of the Chamber of Deputies, passed its third reading in the Chamber of Deputies of Parliament of the Czech Republic and was referred to the Senate…
In its recent judgments, the Municipal Court in Prague has supported the interpretation of the tax administration and rejected the application of the 5% corporate income tax rate to sub-funds of companies with …
After its meeting on 23 August 2023, the government coalition issued a statement, which was subsequently confirmed on the website of the Ministry of Finance, presenting the proposed changes to the Consolidation…
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
After weeks of debates and negotiations, the Czech government presented its consolidation and austerity package for the next few years at a press conference on 11 May 2023. The package contains a set of measure…
The act amending the area of taxation (i.e. the 2023 tax package), including the newly implemented windfall tax, was published in the Collection of Laws under no. 366/2022 Coll. on 2 December 2022 and will beco…
A new windfall tax has been published in the Chamber of Deputies Print No. 254 in the form of the Czech Minister of Finance’s amendment to the 2023 tax package, which is expected to take effect on 1 January 202…
The Ministry of Finance of the Czech Republic has presented the basic parameters of the new windfall tax. Who will be the subject to the tax? How will it be calculated? And how will it be paid? Read a summary o…
On Wednesday, 9 March 2022, a governmental draft bill on tax measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the troops of the Russian Federation was introdu…