New Programmes for Research Support
On 25 March, the Czech government approved three new programmes to support research. Specifically, the programmes are as follows: TREND, Prostředí pro život (Environment for Life) and DOPRAVA 2020+ (TRANSPORTAT…
2020 Tax Package Proposal
Shortly after this year’s tax package was approved (with effect from 1 April 2019 – detailed information is available here), the Ministry of Finance has prepared a draft bill to amend the following tax legislat…
CJEU interpretation of beneficial ownership
On 26 February 2019, the Court of Justice of the European Union (CJEU) issued decisions in six cases (joined cases C-116/16 and C-117/16 and joined cases C-115/16, C-118/16, C-119/16 and C-299/16) concerning t…
International taxes in brief – April
Austrian government announced a package of proposals to tax the digital economy. According to European Commission UK CFC rules constitutes illegal state aid. This is only some of the news that you will read abo…
A new crime of obstruction of justice and its impact on submitting means of evidence
With effect from 1 February 2019, a new provision of Section 347a was introduced in the Criminal Code (Act No. 40/2009 Coll., the Criminal Code, as amended) stipulating a crime of obstruction of justice. Its su…
VAT news in April
The Czech Tax Administration published an overview of most changes introduced by an amendment to the VAT Act. Case C-201/18 Mydibel assessing sale and lease back transactions in terms of VAT may have significan…
Expansion of exemption from real estate acquisition tax
The Chamber of Deputies approved a legal provision amendment that will allow exempting from real estate acquisition tax also the first acquisition of an apartment unit in a detached house against payment, not j…
New Reporting Duty for Tax Payers
The amendment to tax legislation, which is effective from 1 April 2019, introduces a new reporting duty for tax payers. Income that is generally subject to withholding tax in the Czech Republic but is exempt or…
Annual Tax Reconciliation: Resident versus Non-Resident
In order for you to perform the annual tax reconciliation properly and to maintain the payroll agenda correctly, you must answer one crucial question: is the employee a tax resident or a non-resident? How to de…