EU plans in the tax area
The EU has announced initiatives in the field of tax policy planned for the end of 2021 and beyond. Here is a short summary.
Acts performed by the tax administrator within a local inquiry may represent material initiation of a tax audit
According to a recent ruling of the Municipal Court in Prague ref. no. 18 Af 11/2021, the tax administrator exceeded the regulatory framework of local inquiry by performing acts corresponding in their nature an…
Additional utilisation of suspended depreciation for tax purposes dismissed by the Regional Court
In general, the Income Taxes Act provides taxpayers with an option to suspend tax depreciation of assets or not to utilise it at all. Thus, the utilisation of tax depreciation in the tax base is an alternative,…
EUROMED Convention – transitional rules
The EUROMED Community aims to promote economic integration across EU states, their neighbours, North Africa as well as Middle Eastern countries. With effect from September, the “transitional rules of origin” ha…
Remission of social security and health insurance sanctions
Removal of the harshness of law, i.e. penalty remission, is not only applied as part of tax proceedings. Very often, a penalty is imposed for late health insurance and social security payments. These penalties …
Schedule of application receipt for the MF calls
Below you will find a table with the current time schedule of the calls, including a brief description of the focus and deadlines for the receipt of applications for subsidies in individual calls.
New personal income tax forms
Following the amendment to the Income Taxes Act effective since 1 January 2021, a decree of the Ministry of Finance (No. 335/2021 Coll.) was published in the Collection of Laws after more than 8 months, amendin…
National Recovery Plan and first calls
The Ministry of Industry and Trade had been preparing the National Recovery Plan (NRP) for several months and it was finally approved by the Economic and Financial Affairs Council (ECOFIN) and the Council of th…
In Brief from International Taxation [October 2021]
Germany will allow partnerships to tax income as corporations through corporate tax. The Finnish Supreme Administrative Court has issued a ruling regulating the rules restricting the tax deductibility of intere…