VAT news [November 2022]
The amendment to the VAT Act is currently pending approval in the Senate. The EU Commission requires the Member States to regulate the application of VAT on payments by fuel cards. The Court of Justice of the E…
EU Commission: Call for public consultation on BEFIT
On 13 October 2022, the EU Commission launched a public consultation on the Business in Europe: Framework for Income Taxation (BEFIT) in accordance with which the Commission aims to propose a directive by the t…
Position of a statutory executive and performance of activities in connection with visa-free travel
In our practice, we often come across the question under what conditions a statutory executive, who is a third country national, can enter the territory of the Czech Republic and perform his/her function. The f…
Recent developments in the field of international double taxation treaties
As the year draws to a close, we bring you an update on double taxation treaties. From 1 January 2023, the provisions of the new treaties with San Marino, Qatar, and Senegal will be implemented.
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 …