VAT news [March 2021]
In the latest VAT news, you will learn that an amendment to the VAT Act will bring about a change in e-commerce rules or that the Minister of Finance has again extended the option to supply respirators VAT excl…
“Isolation Bonus“, i.e. Extraordinary Contribution to Employees under Quarantine Order
On 5 March 2021, Act No. 121/2021 Coll., on Extraordinary Contribution to Employees under Quarantine Order, became effective. Under this Act, employers are obligated to compensate employees for reduced income r…
VAT News [February 2021]
The Minister of Finance has decided on VAT exemption for respirator supplies for a limited period. However, the VAT deduction is not possible if the supplier delivered these goods to customers including VAT; an…
OECD has released an updated version of the manual for the assessment of international tax aspects following anti-epidemic measure…
The updated version summarises the conclusions and recommendations set out in the original version published last spring. At the same time, it offers examples of how different countries approach, within the cur…
Recommendations of the OECD for Transfer Pricing in Relation to the Impacts of the COVID-19 Pandemic
Extraordinary economic conditions brought about by the COVID-19 pandemic and consequent responses of governments in individual countries may bring numerous practical difficulties in applying the arm’s length pr…
Do you watch the limits for aid provided under the COVID or Antivirus programmes?
In recent months, the Czech government has introduced a number of state aid programmes to help businesses hit by the Covid-19 pandemic overcome the period of limited economic activity. In general, the aid provi…
VAT News [November 2020]
What is new in the world of VAT? In its judgement, the Court of Justice of the European Union (CJEU) did not recognise the right to deduct tax assessed from the import of goods, if the importer has no right to …
Extension of the Remission Guidance for Retailers and Service Providers
On Monday, October 26, the Ministry of Finance introduced further tax reliefs through the “Decision on remission of the accrued interest and associated fees and tax advance due to an extraordinary event” publis…
Upcoming amendment to the Act on Investment Incentives will allow extending deadlines for complying with conditions
In response to the current pandemic situation, the government brings another support measure (Document of the Chamber of Deputies no. 1059) that would allow investment incentive recipients to extend the deadlin…