Planned Income Tax Changes for 2020
The Chamber of Deputies of the Czech Republic is currently debating two amendments to the Income Taxes Act (Act No. 586/1992 Coll., the Income Taxes Act, as amended), which may come into force in 2020. These a…
Uncertainties regarding the processing of biometric data persist; experts’ opinions on their processing differ
In recent months, the Office for Personal Data Protection (the “Office”) has attracted the attention of both the professional and non-professional public with its decisions or statements on the processing of bi…
The Biggest Pitfalls of Adopting IFRS 16, which Addresses the Reporting of Leased Assets
Since 1 January 2019, IFRS 16 has been in effect. This standard substantially revised the accounting treatment applied by lessees to leased assets. For companies, this means more demanding work with data; the n…
Announcement of New Calls in the Operational Programme Enterprise and Innovations for Competitiveness
During September, the Ministry of Trade and Industry plans to announce a series of calls focusing on research and development activities under the Operational Programme Enterprise and Innovations for Competitiv…
Announcement of a Call for Waste Processing in the Environment Operational Programme
The Ministry of Environment has announced a call, through the Czech State Environmental Fund, for the support of projects for filing applications and provision of support under the Environment Operational Progr…
In Brief from International Taxation [September 2019]
The Dutch law on repayment of withholding tax on dividends distribution from Dutch resident companies may infringe the free movement of capital. Estonia and Luxembourg initiate the implementation of DAC 6 Direc…
Monitoring the Personal Tax Account May Pay Off
Many companies and physical persons watch their finance from the perspective of cash-flow, the amount of interest paid or finance planning. Why is it then that tax entities do not monitor their personal tax acc…
Investment incentives will have new rules
The Czech president signed the government’s amendment to the Act on Investment Incentives, and the enacted legislation was published in the Collection of Laws on 22 August 2019. Among other changes, investment …
In the Real Estate Programme Announced Two Calls
In the Real Estate programme, the Ministry of Industry and Trade of the Czech Republic published two calls in July: the fourth call – Tourism and the fifth call – Coal Regions. Are you interested in what the su…