We are bringing you a summary of new bilateral draft contracts in the area of social security submitted to the Chamber of Deputies and the Senate of the Czech Republic, recommended to the President of the Chamb…
The Municipal Court in Prague has recently issued a judgement (ref. no. 6 Af 36/2020-42 of 3 February 2022) which dealt with the interpretation of the term “beneficial owner” for the purposes of the Income Taxe…
With the deadlines for filing corporate income tax returns approaching, we are providing you with a summary of a few areas that may bring about complications in practice. After all, we have observed a lot of co…
On 20 January 2022, the Organisation for Economic Co-operation and Development (OECD) published a new version of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrators (“Guidelines…
With the increasing number of electric cars on our roads, we are increasingly faced with the question of how to properly tax the purchase and installation of charging stations from the employer's perspective an…
For the proper management of the payroll and personnel agenda, it is essential to have set up internal systems in line with legal parameters. This primarily concerns compliance with the minimum wage, the minimu…
Keeping the payroll records of employees who are not tax residents in the Czech Republic may pose complications for the employer‘s payroll department, as specific rules and obligations apply to these employees.…
As of 1 January 2021, several major changes have been made to the Income Taxes Act regarding the deductibility of interest on loans from building savings, mortgages granted by banks and loans granted by buildin…
In general, the Income Taxes Act provides taxpayers with an option to suspend tax depreciation of assets or not to utilise it at all. Thus, the utilisation of tax depreciation in the tax base is an alternative,…