VAT News [February 2020]
What changes in the VAT Act are in preparation? What are the greatest difficulties related to reducing the VAT rate on draught beer? How to look at benefit cards from the VAT perspective? These are just a few o…
New Methodical Guidance on Permanent Establishments
General Financial Directorate issued new comprehensive guidance on the taxation of the income generated by tax non-residents from activities performed by means of a permanent establishment. The new guidance rep…
Announcement of a New Call of the Technology Agency of the Czech Republic for the Support of Applied Research and Innovations
From March, the international call M-ERA.NET 2 Call 2020 will be opened, which is focused on promoting material research and innovations. Applicants can be both undertakings and public institutions.
Announcement of a New Call in the Operational Programme Environment
The Ministry of the Environment of the Czech Republic plans to announce, in cooperation with the State Agricultural Intervention Fund of the Czech Republic, a call to support projects for submitting the applica…
Income Taxes Act Outlook through 2021 – Significant Changes Considered in Individual Taxation
Parliamentary Press No. 572 updating, inter alia, Act no. 586/1992 Coll., on Income Taxes (the “ITA”) has not passed the legislation process yet and another amendment for 2021 is already being discussed. Accord…
The Supreme Administrative Court’s View of Beneficial Ownership in Sublicense
At the end of last year, the Supreme Administrative Court (SAC) handed down a judgment on the application of withholding tax to income paid between two Czech tax residents on the basis of the terms of the concl…
Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) – Current Statu…
MLI is an international convention modifying a substantial portion of tax treaties and may result in the establishment of a new tax obligations. In the Czech Republic, the ratification process has yet to be com…
New Double Taxation Treaty with South Korea and Other Changes in the Area of Double Taxation Agreements
On 20 December 2019, a new Double Taxation Treaty with South Korea became effective. The new agreement applies to income arising in the period commencing after 1 January 2020, or income paid on 1 January 2020 …
Announcement of New Calls in the Operational Programme Enterprise and Innovations for Competitiveness
Ministry of Industry and Trade of the Czech Republic announced several new calls in the Operational Programme Enterprise and Innovations for Competitiveness 2014–2020, with the starting date for the receipt of …