Brexit Update: No-Deal Looming Near
The 11-month transition period, which started by the UK officially leaving the EU on 31 January 2020, is coming to an end, making Brexit the talk of the town once again. The ongoing negotiations about the futur…
The statute of limitations cannot exceed ten years, not even in the case of tax loss
In May, we informed you about a ground-breaking ruling of the Supreme Administrative Court which rejected the tax administration’s practice of extending the statute of limitations by so-called tax loss chaining…
Tax Outlook for 2021
The Ministry of Finance has submitted a proposal for tax amendments for 2021 to the government. These amendments are summarised in Document of the Chamber of Deputies No. 910, which has currently passed its fir…
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. …