VAT news [May 2023]
As part of its Recovery Package, the government has introduced new VAT rules that bring changes to amounts of rates and new classification for some items. The effect of the amendment to the VAT Act on real esta…
Jarošov brewery opposed tax assessment of CZK 1 million – changed rules for others too
In April, the Supreme Administrative Court ended a tax dispute, which had been going on since 2020, when the customs a assessed additional excise tax to the Jarošov brewery in the amount totalling almost CZK 1 …
In brief from international taxation [May 2023]
What is the latest news in international taxation? CJEU rules that the German taxation of real estate funds is not compatible with EU law. Switzerland is holding a referendum on global minimum tax. From next Ja…
The Potential programme will support the research and development infrastructure of enterprises
Soon, it will be possible to support projects for building corporate R&D facilities within the Potential programme of the Operational Programme Technology and Applications for Competitiveness. The Potential pro…
Grant support for putting innovation into practice
The Ministry of Industry and Trade has announced the fifth tender in The Country for the Future programme in sub-programme 3 “Innovation into practice”, in which up to CZK 300 million from the National Recovery…
What are the proposed changes to the Act on the Residence of Foreign Nationals
As a result of numerous amendments, the Act on the Residence of Foreign Nationals is marked by considerable complexity and complications. The recodification of the Act planned from 1 July 2025 should remedy thi…
Government presents consolidation package called “Czech Republic in Shape”
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 amendment to the VAT Act became effective in Slovakia
The amendment to the VAT Act in Slovakia has brought several significant changes that came into force on 1 January 2023. The most significant changes include the introduction of an obligation for customers to c…
Serious evidentiary challenges in related party transactions
Intragroup transactions and transfer pricing are continuously on the radar of tax administrations around the world, including the Czech Financial Administration. Therefore, tax audits with focus on transactions…