VAT News [May 2020]
The Chamber of Deputies will discuss amendments to the VAT Act, for instance an amendment establishing rules for intra-Community trade in goods or an amendment altering the procedures for mail order sale of goo…
How to Introduce a Smart Tax Office?
The current coronavirus pandemic has also brought about an increased interest in remote working. However, not all taxable subjects were fully prepared for this situation. We have noticed that many companies suf…
In Brief from International Taxation [May 2020]
In the first half of April, the OECD published the tax transparency compliance reports for eight jurisdictions and the comments on draft legislation on model rules for the collection of information. The US IRS …
Conditions for Drawing Benefits from the Double Taxation Treaty with the Republic of Korea
On 20 December 2019, an amended version of the treaty on the avoidance of double taxation and the prevention of income tax evasion between the Czech Republic and the Republic of Korea (the “Treaty”) entered int…
Announcement of New Public Tenders for the Support of Applied Research and Innovations by the Technology Agency of the Czech Repub…
In early April, the Technology Agency of the Czech Republic announced a new call aimed at the support of applied research, experimental development and innovations in the area of transportation – TRANSPORTATION…
Announcement of New Programmes, Calls and Public Tenders to Support the Fight Against COVID-19
In early April, several calls and public tenders from various programmes were announced in response to the current situation caused by COVID-19. More details about Technology COVID-19, Czech Rise Up – Smart Mea…
Approach of the OECD to the Assessment of International Tax Aspects in Relation to COVID 19 Measures
Following the measures adopted by the governments of many states in order to limit the spread of the COVID 19 pandemic (mainly the restrictions on the movement of persons and the consequent “long distance” perf…
Retrospective application of a tax loss
The Ministry of Finance of the Czech Republic prepared another government measure to mitigate the impacts of the crisis caused by the COVID-19 outbreak. The change concerns Act No. 586/1992 Coll., on Income Tax…
What about the amendment to the Tax Code?
The Senate of the Czech Republic has discussed a draft of the amendment to the Tax Code and returned it with adjustments back to the Chamber of Deputies, where the amendment was rejected. The major adjustments …