Changes to OP PIK Project Administration
The Ministry of Industry and Trade has issued a new document – Categorisation of Types of Changes to Projects – which came into force on 30 October 2019
Latest Schedule of OP PIK Calls
The table below presents the latest schedule of the calls already announced under the Enterprise and Innovation for Competitiveness Operational Programme (“OP PIK”), including the deadlines for submitting appli…
Hard versus soft Brexit. What will the divorce agreement with the EU bring?
The time of the withdrawal of Great Britain from the EU is inexorably approaching and the issue of Brexit has become a frequent topic of discussions. Although the political process regarding Britain’s withdrawa…
Ruling: Correction of Accounting Errors and Tax Base Implications
This article summarises the key information arising from judgment 3 Afs 28/2017 – 43 which was issued in October 2018, addressing two areas as follows: corrections in accounting records including implications f…
Effect of a new Czech and Korean double tax treaty
The new version of the double tax treaty between the Czech Republic and the Korean Republic is currently under discussion . The new double tax treaty shall replace the initial version of the treaty dating back …
Possible Changes in the Real Estate Acquisition Act
The Czech Pirate Party has prepared a draft amendment to the ordinance on real estate acquisition tax which, if approved, would decrease the tax rate on the acquisition of real estate for natural persons purcha…
A New Draft Act to Prevent the Double Taxation of Transactions with Taiwan
The Czech Republic has not concluded the standard international double tax treaty with Taiwan, as it has with the majority of other countries (as the Czech Republic does not acknowledge the territory of Taiwan …
The Court’s New View on the Utilisation of Clinical Studies as Part of the R&D Deduction
The Supreme Administrative Court (the “SAC”) has found against Vestra Clinics s.r.o. (the “Plaintiff”) in the matter of the possibility of utilising clinical studies as deductible items for research and develop…
EU: Non-cooperative jurisdictions list
The Council of the European Union announced on 2 October 2018 that Liechtenstein and Peru have been removed from the "grey" list of non-cooperative jurisdictions and Palau from the "black" list.