In April 2020, the Financial Accounting Standards Board (FASB) issued FASB staff question-and-answer document (Q&A) focused on the application of the guidance in Topic 815, Derivatives and Hedging, in relat…
The Supreme Administrative Court (“SAC”) has issued a ruling (10 Afs 171/2019-51) dealing with the question of how to tax assigned receivables from contractual sanctions arising in the current period or that ar…
The Chamber of Deputies will discuss amendments to the VAT Act, for instance an amendment establishing rules for intra-Community trade in goods or an amendment altering the procedures for mail order sale of goo…
The current coronavirus pandemic has also brought about an increased interest in remote working. However, not all taxable subjects were fully prepared for this situation. We have noticed that many companies suf…
On 20 December 2019, an amended version of the treaty on the avoidance of double taxation and the prevention of income tax evasion between the Czech Republic and the Republic of Korea (the “Treaty”) entered int…
On 21 April 2020, Amendments to IFRS 3 Definition of business were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date.
In early April, the Technology Agency of the Czech Republic announced a new call aimed at the support of applied research, experimental development and innovations in the area of transportation – TRANSPORTATION…
In early April, several calls and public tenders from various programmes were announced in response to the current situation caused by COVID-19. More details about Technology COVID-19, Czech Rise Up – Smart Mea…
The Ministry of Finance proposes adopting a series of tax measures in the area of real property, from which it hopes to set the market in motion and, in the long term, also improve the availability of one’s own…