Brexit: Corporate Income Tax
The European Union and the United Kingdom have finally agreed on the terms of the trade agreement and succeeded in arranging rules for mutual relations in various areas. However, when it comes to corporate inco…
The tax package has brought changes into the field of excise taxes as well
On 1 January 2021, pursuant to Act No. 609/2020 Coll., the tax package that has brought significant changes to tax laws (e.g. with regard to the Income Taxes Act) became effective. Let’s summarise how these cha…
Brexit: Customs and VAT Implications
The trade agreement between the EU and the UK was entered into on Christmas Eve and has been provisionally applied since 1 January 2021; however, it is expected that it will be approved by the European Parliame…
Rates for 2021: How will the minimum wage or tax relief per taxpayer increase?
In 2021, the assessment base for social security and health insurance contributions increases, the rates for meal allowances for trips abroad and reimbursement of travel expenses relating to business trips are …
Tax package in effect from 1 January 2021
Even though President Miloš Zeman refused to sign the amendment to the Income Taxes Act for 2021 (Parliamentary Document No. 910), the amendment was published in the Collection of Laws under 609/2020 Coll. and …
VAT News [December 2020]
The definition of intangible assets will probably change within the framework of the tax package. The VAT rate for municipal waste treatment for further use could be reduced to 15%. The Court of Justice of the …
In Brief from International Taxation [December 2020]
The corporate income tax rates for SMEs and withholding tax rates on dividends shall be reduced to 10 percent in Croatia. Germany published the decree explaining the regime of extraterritorial taxation. Indian …
The Senate has discussed the tax package for 2021
At the meeting of the Senate that took place on Thursday 10 December 2020, certain adjustments to the Amendment to the Income Taxes Act for 2021 were passed (Parliamentary Document 910). At the moment, the tax …
Prepare your organisation for Brexit
Even though global attention has recently been focused to the coronavirus pandemic, Brexit remains one of the most burning issues for the UK and the European Union. What obligations will be associated with the …