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…
Approval of the Operational Programme Just Transition
The European Commission has approved a new Operational Programme for Just Transition to support structurally disadvantaged regions. These include the Karlovy Vary, Moravian-Silesian and Ústí nad Labem Regions i…
Czech Ministry of Finance presents conceptual framework of new Windfall Tax
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…
The government will debate the extraordinary profit tax
In the previous days, a draft law on income tax was to be discussed, which would implement the extraordinary profit tax (Windfall Tax) into law from 2023 (for a period of three years). It is an instrument that …
VAT news [September 2022]
The amendment to the VAT Act, which should, among other things, increase the limit for taxpayer registration, is still in the legislative process. The government has issued a regulation that changes the scope o…