VAT news: tax deduction advance
An amendment to the Tax Code brings a new tax institute effective from 1 January 2021, which allows the payment of a tax deduction advance (“advance”) before the tax deduction is determined, i.e. before a tax a…
VAT News [October 2020]
The minister of finance announced VAT remission on free delivery of selected protective and medical equipment. The Court of Justice of the EU issued a judgment in a case involving the payment of VAT on a free s…
Announcement of new calls in programmes focused on the fight against the COVID-19 infection
In its emergency meeting on 14 October, the Government passed several subsidy programmes to support businesses and entrepreneurs in economic sectors which have been the most affected by the COVID-19 pandemic. T…
Public tender of the Programme for the Support of Industrial Research and Experimental Development TREND
During September, the Technology Agency of the Czech Republic announced the planned 4th public tender of the TREND programme, in the sub-programme Newcomers. The programme aims at supporting projects that focus…
Calls of the Operational Programme Enterprise and Innovations for Competitiveness for 2014 – 2020 on digital transformation …
The Ministry of Industry and Trade of the Czech Republic announced several calls for projects focused on digital transformation and energy savings, i.e. calls of the Technology Programme – Industry 4.0 and Ener…
In Brief from International Taxation [October 2020]
The Australian Treasurer introduced new rules for the loss carry-back system and an amendment to the regime of asset write-offs. Denmark tax authorities additionally assessed taxes to drivers providing internet…
Multilateral Convention Has Come Into Force in the Czech Republic: What Are Its Implications?
On 1 September 2020, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Convention" or "Multilateral Instrument" or "MLI") entered in…
What does the new act on international cooperation in tax administration bring?
On 15 September 2020, Act No. 335/2020 Coll., on International Cooperation in the Resolution of Tax Disputes in the European Union, came into force. It is a new act, which implements Council Directive (EU) 2017…
Uncertainty regarding the implementation of the digital services tax continues
The legislative process concerning the digital services tax bill is not over yet. The bill was suspended in the second hearing during the 58th meeting of the Chamber of Deputies, which was opened on 15 Septembe…