VAT News [December 2020]
The definition of intangible assets will probably change within the framework of the tax package. The VAT rate for municipal waste treatment for further use could be reduced to 15%. The Court of Justice of the …
Prepare your organisation for Brexit
Even though global attention has recently been focused to the coronavirus pandemic, Brexit remains one of the most burning issues for the UK and the European Union. What obligations will be associated with the …
The Electronic Signing of Documents: A Phenomenon in the Time of Digitization, but a Necessity in the Time of Crisis
Czech legislation permits companies, and their clients, to use several kinds of online communication, including those with the use of remote contract signing. Although it is not regulatory news, there are compa…
The Czech Republic has switched to the new DVB-T2 broadcasting standard
After less than a year, the process of switching from DVB-T to the new DVB-T2 broadcasting standard has successfully ended in the Czech Republic. However, what does this actually mean for viewers? For example, …
What to pay attention to when employees work from abroad
Do you know what remote work is? Do different rules apply to remote work from the Czech Republic and from abroad? And what regulations apply to foreign employees carrying out remote work from the Czech Republic…
Announcement of New Autumn Calls in the Operational Programme Enterprise and Innovations for Competitiveness [November 2020]
The table below presents the current overview of calls already announced or soon to be announced, including a brief description of their areas of focus and deadlines for the receipt of applications for aid in t…
IFRS EU Endorsement Process [November 2020]
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 12 October 2020.…
Accounting for Contingencies, Loss recoveries, Guarantees: accounting roadmap published
In October 2020, Deloitte published a new piece of the roadmap accounting series on US GAAP related topics, which discusses the area of accounting for contingencies, loss recoveries and guarantees.
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 …