Property Tax Increase in Prague
The capital city of Prague has issued a general municipal regulation, increasing the local coefficient value from 1 to 2. Based on the increase in the coefficient, the property tax has doubled. This will mainly…
Abuse of Law Discussed Again at the Supreme Administrative Court
In its recent judgment ref. no. 6 AFS 376/2018-46 of 14 November 2019, the Supreme Administrative Court (hereinafter the “SAC”) dealt with the concept of abuse of law. Let us remind you that the concept of abus…
Free Trade between the EU and Singapore
On 21 November 2019, an agreement on economic partnership was entered into between the EU and Singapore. Since then, all products originating in the EU may be imported to Singapore without customs duties. Simil…
From the practice of the Supreme Administrative Court: R&D tax relief
The Supreme Administrative Court (“SAC”) issued two important rulings in relation to the tax-deductible items for research and development (“R&D”). In the first case, the SAC dealt with a possible bias of t…
Tax package introducing changes in consumption and gambling taxes passed by the Chamber of Deputies
On 6 November 2019, the Chamber of Deputies passed a bill amending selected tax legislation in relation to increasing the public budget income. The amendments concern, inter alia, consumption and gambling taxes…
The Supreme Administrative Court ruled on the moment on which an investment is initiated
The Supreme Administrative Court of the Czech Republic issued judgment No. 7 Afs 365/2018-62, which deals with the moment from which an entity is to capitalize the costs of acquisition into the value of the tan…
What will 2020 bring in the area of VAT? Quick fixes already in January and a VAT decrease for selected supplies in May
One of the main topics of the traditional autumn seminar on value added tax, which is organised every year by Deloitte, were the new rules in the area of VAT, jointly referred to as “quick fixes”. Their primary…
Energy Savings Programme
A new call in the Energy Savings – Photovoltaic Systems with/without Accumulation for Own Use is planned to be announced in December 2019. The call supports projects focused on reducing energy consumption throu…
VAT News [November 2019]
The VAT Act amendment will not be passed by the end of 2019. The General Financial Directorate informed about the new VAT rounding rules. And the Court of Justice of the European Union ruled that member states …