EU blacklist updated
On 4 October 2022, the EU Council decided within a regular ECOFIN meeting to add Anguilla, The Bahamas and the Turks and Caicos Islands to the EU list of non-cooperative jurisdictions for tax purposes. With the…
Paying wages in cryptocurrency? It is essential to understand the tax implications
Since its inception, cryptocurrency has steadily amassed users and popularity. From big-name celebrities to millennial part-timers, cryptocurrency has undoubtedly captured the world’s attention, interest, and w…
The amendment to the Income Tax Act will bring changes to corporate taxation
The forthcoming amendment to the Income Tax Act and the VAT Act and other related acts brings several changes that should come into force from 1 January 2023. We have prepared an overview of the novelties that …
Windfall tax enters approval process
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…
VAT news [October 2022]
What is new in indirect taxes? The expected amendment to the VAT Act is still pending in the Chamber of Deputies. The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors …
In brief from international taxation [October 2022]
The OECD publishes progress reports on BEPS, as well as several pieces of guidance aimed at the further improvement of global tax transparency. Luxembourg and Spain introduced temporary VAT reduction. Greece in…
Waiver of levies for breach of budgetary discipline and penalties
In a recent article, we introduced the possibility of reducing sanctions imposed by the Financial Administration of the Czech Republic due to tax arrears or additional tax assessment. This time, we are focusing…
The Application Programme has been extended until January 2023
The Ministry of Industry and Trade has extended the deadline for applications for the Application Programme, which supports industrial research and experimental development of businesses and research organisati…
Announcement of the public tender of TREND – Technology Leaders Programme
On Wednesday, 5 October, the Technology Agency of the Czech Republic (TA ČR) announced the eighth public tender to support industrial research and experimental development under the TREND Programme, sub-program…