VAT News [August–September 2020]
Quick fixes, which regulate certain rules for cross-border transactions within the European Union, will take effect from September. The Court of Justice of the European Union (CJEU) has ruled in three interesti…
Update on the reporting obligation in cross-border arrangements (DAC VI) [August 2020]
Based on the 6th amendment to the Directive on administrative cooperation in the field of taxation (“DAC VI”), EU member states (including the Czech Republic) should introduce an obligation for businesses to re…
VAT payers are entitled to higher interest due to lengthy reviews of excessive deductions
The Supreme Administrative Court rendered a judgement in mid-July, which has a significant impact on the amount of compensation pertaining to VAT payers whose excessive deduction refund was withheld by the tax …
Free Trade Between the EU and Vietnam
The EU-Vietnam Free Trade Agreement will enter into force on 1 August 2020. From this date onwards, mutual duty-free trade will be possible for a wide range of products. For certain selected types of goods, the…
Reporting obligation under DAC VI: The Czech Republic will use the option to postpone deadlines to early 2021
The process of reporting cross-border arrangements was supposed to start on 1 July 2020. However, the Council of the European Union has currently approved a proposal to provide EU member states with an option t…
Amendment to the Tax Code Approved
On 17 June, the President signed a new proposal for the amendment to the Tax Code. Thus, the legislative process was completed and the long-awaited amendment was approved. The amendment shall come into effect o…
Timetable for Receiving Applications for New Autumn Calls of the Operational Programme Enterprise and Innovation for Competitivene…
We bring you the most important information about the calls, the announcement of which is planned for the end of summer or during this year’s autumn. Therefore, in the table below we present the current schedul…
Expected Announcement of New Autumn Calls in the Operational Programme Enterprise and Innovations for Competitiveness
In autumn, the Ministry of Industry and Trade plans to announce several calls focused on research and development activities. These are mainly the means aimed at supporting investment and operating expenses, wh…
Current Developments in the Legislative Process of the Income Tax Act
The legislative process in the field of Act No. 586/1992 Coll., on Income Taxes, as amended (hereinafter referred to as "ITA"), is very rapid, its development is difficult to predict and, moreover, the individu…