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…
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…
Amendment to the Act on the Residence of Foreign Nationals
The amendment to the Act on the Residence of Foreign Nationals has been under discussion since June 2018. We have previously informed you about the amendment to the Act on the Residence of Foreign Nationals sub…
Public Consultation on Virtual Currencies
We would like to draw your attention to an initiative of the Ministry of Finance (MF) which has raised the topic of cryptocurrencies, or virtual assets, and the blockchain technology.
TaxAlert: Complications in calculating the super-gross salary from January 2019
The President of the Czech Republic signed the amendment to the Income Taxes Act on 11 December under which employers will have to distinguish a country in which an employee participates in a system of compulso…
GFD’s New Guidance Note on the Binding Assessment of Transfer Pricing and the Method of Determining the Tax Base for Permanent Est…
On 9 November 2018, a new guidance note, D - 32, of the General Financial Directorate (“GFD”) was published in the Financial Bulletin of the Ministry of Finance on the binding assessment of the pricing method b…
Current Situation as Regards the Tax Package Approval Procedure
The second reading of a bill amending various tax laws (the so-called Tax Package, Parliamentary Document No. 206) is to be included in the programme of the 24th session of the Chamber of Deputies, taking place…
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…