A number of companies, especially in northern Moravia and Silesia, were affected by the severe floods that swept through the Czech Republic last September. We have prepared a summary outlining the potential eff…
The Top-Up Taxes Act came into force at the end of last year, requiring affected companies to disclose in their 2024 financial statements whether they will be liable for the top-up tax, and if so, how much they…
The following article briefly summarises the main points of the National Accounting Standards Board’s new Interpretation I-50 Deferred Tax and Exchange Differences Excluded from Taxation.
In its resolution of 28 August 2024, the Government approved an amendment to the Accounting Act 563/1993 Coll. (the “Accounting Act”). This amendment is scheduled for discussion during the 112th session of the …
On 31 May 2024, the Czech Ministry of Finance published a working version of the updated draft of the new Accounting Act (hereinafter the “Draft Act”) and certain theses on future implementation decrees elabora…
We present three noteworthy judgments from the Supreme Administrative Court from this year and last year, all of which address accounting issues. The first case involves the timing of accounting for expenses an…
The following article briefly summarises the main points of the new interpretation of the National Accounting Board I-49 “Recognition and Measurement of Liquid Valuables”.
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. One of the major changes that the new Accou…
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. What are the biggest changes from the versi…