VAT news [May 2021]
The amendment to the VAT Act, which should change the rules for mail orders of goods within the EU, has not been presented in the Senate yet. Until the year-end, it will be possible to exempt from tax the impor…
In Brief from International Taxation [May 2021]
May’s news from international taxation among other introduces a follow-up on CJEU cases on dividend distribution, summarises an CJEU opinion on dividend payment to collective investments undertaking and informs…
Tax waiver in relation to a professional education allowance
On 27 April 2021, the Minister of Finance issued another resolution on waiver of income tax on the grounds of an extraordinary event caused by the coronavirus spread. This time, it relates to the income tax cor…
Announcement of the first full call in the HEAT programme
The new Modernisation Fund announced the first-ever so-called actual call in the HEAT programme aimed at modernising heat energy supply systems. Until 1 February 2021, it was possible to submit preliminary regi…
Remission of penalties, interest and now also fines for the late filing of a tax return
The additional tax assessment by the tax administrator gives rise to the obligation to pay interest on arrears; in addition, this often entails penalties, which may, in total, exceed the amount of the additiona…
News in investment incentives
In response to the ongoing Covid-19 pandemic, the legislative boom did not forget about investment incentives and the sphere of popular state aid saw positive changes. What are the news for which applicants nee…
Announcement of the QuantERA public call
The Technology Agency of the Czech Republic has launched a public call focused on research in the field of quantum technologies, which is intended for Czech partners of international consortia, which can be bot…
Announcement of the public call M-ERA.NET 3 CALL 2021
The Technology Agency of the Czech Republic has announced a public call focused on material research, which is intended for Czech partners of international consortia, which can be both research organisations an…
Information of the General Financial Directorate on the effects of the Covid-19 pandemic on transfer prices
On 31 March 2021, the General Financial Directorate issued information on the effects of the Covid-19 pandemic on transfer prices (the “Information”) pursuant to recommendations of the OECD of December 2020 (th…