VAT News [August–September 2020]
Quick fixes, which regulate certain rules for cross-border transactions within the European Union, will take effect from September. The Court of Justice of the European Union (CJEU) has ruled in three interesti…
VAT payers are entitled to higher interest due to lengthy reviews of excessive deductions
The Supreme Administrative Court rendered a judgement in mid-July, which has a significant impact on the amount of compensation pertaining to VAT payers whose excessive deduction refund was withheld by the tax …
Free Trade Between the EU and Vietnam
The EU-Vietnam Free Trade Agreement will enter into force on 1 August 2020. From this date onwards, mutual duty-free trade will be possible for a wide range of products. For certain selected types of goods, the…
Amendment to the Tax Code Approved
On 17 June, the President signed a new proposal for the amendment to the Tax Code. Thus, the legislative process was completed and the long-awaited amendment was approved. The amendment shall come into effect o…
Television, Internet, and Telephone Calls in One Bundle? Stricter Rules are being Introduced in the Czech Republic
By the end of this year, the Czech Republic has to introduce new rules for the bundling of telecommunication services. Operators will not be allowed to extend contracts only because you have ordered a TV offer …
The Impact of Emergency Measures and the Responsibility of the State: The Origination of Entrepreneurs’ Entitlement to Damage Comp…
Measures adopted by states to tackle the COVID-19 pandemic have caused significant problems of a varying nature to numerous entrepreneurs. For most of them, the pandemic has meant substantial financial losses. …
Timetable for Receiving Applications for New Autumn Calls of the Operational Programme Enterprise and Innovation for Competitivene…
We bring you the most important information about the calls, the announcement of which is planned for the end of summer or during this year’s autumn. Therefore, in the table below we present the current schedul…
Accounting for Grants
As government assistance and contributions have been provided more frequently in the period affected by the COVID-19 epidemic, a need has arisen to reflect the use thereof appropriately in accounting. In this a…
IFRS EU Endorsement Process [June 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 3 June 2020.