VAT news [March 2023]
The Court of Justice of the European Union has ruled on the possibility or impossibility of correcting taxation on bad debts that have already been partially recovered. In another case, it dealt with disguised …
Can we expect a revival in investment incentives?
After lengthy discussions, the interdepartmental comment procedure for the long-awaited amendment to the Investment Incentives Act has been completed. At the same time, a new government regulation has been prep…
Russia on the EU blacklist. How does it impact Czech taxpayers?
In February, the European Union added the Russian Federation to the EU list of non-cooperative jurisdictions for tax purposes. From a tax point of view, this move may also have a significant impact on Czech tax…
Criminal judgment as evidence in tax proceedings
In a recent judgment in Case No. 6 Afs 125/2021, the Supreme Administrative Court (“SAC”) dealt with the question of when the tax administrator is bound by a criminal court judgment and when it is not bound by …
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…
Social security: new Framework Agreements with Austria and Germany as of 1 March 2023
On 1 March 2023, the provisions of the Czech Republic’s new Framework Agreements with Austria and Germany came into force. These brought a significant extension in terms of flexibility in the field of telework.…
In brief from international taxation [February 2023]
Germany has tightened the rules on transfer pricing documentation. The United Kingdom is about to implement the OECD model rules on mandatory disclosure while the European Commission intends to introduce an inf…
Interest on a loan and the prohibition of abuse of law in the judgment of a Regional Court
Following the letter of the law may not always be sufficient to defend the tax regime applied. Increasingly, the tax authorities are applying the principle of the prohibition of abuse of law, the primary premis…
The “Unshell” Directive: Recent developments in the legislation draft defining the requirements for economic substance
Amendments to the draft EU Directive on the minimum requirements for the economic substance of entities (undertakings) established in the EU (the “Directive”), which were approved by the European Parliament in …