VAT news [September 2021]
The Chamber of Deputies has approved an amendment to the VAT Act changing e-commerce rules. The Ministry of Finance has again extended the waiver of VAT on the supplies of respirators. And the Court of Justice …
What has changed from 2 August 2021 for foreigners with a long-term residence in the Czech Republic?
After two years, there has been another amendment to Act No. 326/1999 Coll., on the Residence of Foreign Nationals in the Czech Republic and amending certain laws with related regulations. Let us briefly summar…
In Brief from International Taxation [September 2021]
September’s brief news from International Taxation brings information about revised R&D tax incentive rules in Australia, and the extension of tax concession for cross-border workers in Belgium and Luxembou…
Short-term rentals made through platforms like Airbnb classified by the Municipal Court as a business activity
The Municipal Court in Prague issued decision ref. no. 6 Af 20/2020-28 determining that income from a short-term rental made through platforms like Airbnb does not constitute a rental of immovable property, but…
Hidden amendment to the Income Taxes Act brings new relief for ceased enforcement proceedings
As part of the amendment to Act No. 120/2001 Coll., on Licensed Enforcement Agents and Enforcement Proceedings (Enforcement Act), among other things, Act No. 586/1992 Coll., on Income Taxes (ITA) has also been …
VAT news [June 2021]
What news is brought to e-commerce by an amendment to the VAT Act approved by the Chamber of Deputies and currently forwarded to the Senate? How did the General Finance Directorate comment on the reciprocal rec…
What to watch out for when combining public support (subsidies or investment incentives) and R&D tax-deductible items?
Experience shows that a large number of companies only use one form of public support, whether these are subsidies or investment incentives, or an R&D tax-deductible item. In fact, these companies are often…
Regional Court addressed accounting in practice
The Regional Court in Brno issued ruling ref. no. 30 Af 83/2018 - 227 which addresses practical accounting problems in interest on loans past due dates, bonuses to employees and accrual accounting principal for…
The Supreme Administrative Court has issued its first-ever statement on one-crown bonds
Recently, the Supreme Administrative Court was deciding for the first time on a case involving “one-crown bonds”. Surprisingly, the subject matter of the dispute did not concern the abuse of rights. The questio…