Articles by: Tereza Homa


How to Introduce a Smart Tax Office?

The current coronavirus pandemic has also brought about an increased interest in remote working. However, not all taxable subjects were fully prepared for this situation. We have noticed that many companies suffered damage because of difficulties in e communication as they still fail to take advantage of all the possibilities offered to them by Czech legislation and modern technologies. Yet it is already obvious that the future will call for flexibility and that the computerisation of the processes will be its integral part. 

20. 5. 2020

Amendment to the Tax Code To Be Considered by the Senate

The Tax Code amendment moved forward in the legislative process. On 12 February 2020, the Chamber of Deputies approved the bill in the third reading. The bill was subsequently referred to the Senate where it is to be considered. The discussion was planned to be held on 18 March 2020 in the 17th meeting of the Upper House of the Parliament; however, given the current circumstances, it may be postponed. Selected amendments having an impact on the latest wording of the bill are outlined below. 

17. 3. 2020

Amendment to the Tax Code in the Legislative Process

The amendment to the Tax Code, which was approved by the Government of the Czech Republic at the end of August 2019, promises changes in favour of taxable persons and modernisation of the tax administration. The amendment is presented by legislators under the name of MOJE daně, but in addition to the promised online banking in taxes, the amendment to the Tax Code also contains other process changes. Despite the fact that the amendment to the Tax Code proposed by the Ministry of Finance of the Czech Republic has now been approved by the Government of the Czech Republic, it still has the entire legislative process ahead. Taking into account possible complications, it can be assumed that the amendment may be effective in mid-2020. 

23. 9. 2019

Monitoring the Personal Tax Account May Pay Off

Many companies and physical persons watch their finance from the perspective of cash-flow, the amount of interest paid or finance planning. Why is it then that tax entities do not monitor their personal tax accounts recorded by the tax authority? Let us have a look together at cases when it is good to know “what is in the tax purse” of the taxable person, what movements are performed there and when it is the right time to claim overpayments or whether there is a record of an outstanding amount to be paid to the tax authority. 

17. 9. 2019