Germany has tightened the rules on transfer pricing documentation. The United Kingdom is about to implement the OECD model rules on mandatory disclosure while the European Commission intends to introduce an inf…
Following the letter of the law may not always be sufficient to defend the tax regime applied. Increasingly, the tax authorities are applying the principle of the prohibition of abuse of law, the primary premis…
Amendments to the draft EU Directive on the minimum requirements for the economic substance of entities (undertakings) established in the EU (the “Directive”), which were approved by the European Parliament in …
The acts on the extraordinary waiver and extinction of certain tax debts and on the extraordinary waiver of penalties on social security and state employment policy contributions and enforcement costs, which fo…
The Digital Operational Resilience Act, known as DORA, came into force on 16 January 2023 and will take effect on 17 January 2025. Financial institutions and ICT service providers have less than 24 months to en…
On 1 February, Act No. 216/2022 Coll. came into force, which introduces a 5% reduction in the employer’s social security rate for a selected group of employees who, for various reasons, cannot work full-time. F…
The Carbon Border Adjustment Mechanism (CBAM) is the European Union’s instrument for setting a fair price for the carbon released in the production of goods imported into the EU while promoting cleaner industri…
The following article briefly summarises the main points of the new interpretation of the National Accounting Board I-48 “Valuation of assets and liabilities in transactions involving a business or part of a bu…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 31 January 2023.…