New Reporting Duty for Tax Payers
The amendment to tax legislation, which is effective from 1 April 2019, introduces a new reporting duty for tax payers. Income that is generally subject to withholding tax in the Czech Republic but is exempt or…
Announcement of the 5th Public Tender under the GAMA Programme, Seal of Excellence Sub-Programme 2
On Wednesday 13 March, the Technology Agency of the Czech Republic announced the fifth public tender in research and experimental development. It is intended for small and medium-sized enterprises that have bee…
Announcement of a National Call under the LIFE Programme
On 15 March, the Ministry of the Environment announced a national call under the LIFE programme for submitting grant applications in two sub-programmes – “The Environment” and “Climate”. Under both sub-programm…
Postponement of the Date of Announcing the Innovation and Applications Calls
In March, the schedule of OP PIK calls for 2019 was updated. The table below presents the details of the planned calls in the Innovation and Application programmes, whose announcement date has been postponed to…
The Latest Schedule of the OP PIK Calls
The table below presents the latest schedule of the already announced calls under Enterprise and Innovations for Competitiveness Operational Programme (“OP PIK”), including the deadlines for submitting grant ap…
Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) – Current Situa…
Double taxation treaties are the subject of interest for any entity generating profit in multiple countries to ensure that the entity’s proceeds are not taxed in several jurisdictions. The MLI is an internation…
Applications for the Employee Corporate Education II Programme are Open for Submission
On Friday, 15 March, the Ministry of Labour and Social Affairs announced Call No. 97 ‘Employee Corporate Education’. The receipt of applications for the call was also commenced on the same date. Applicants for …
The Ministry of the Industry and Trade will support Broadband Internet
The Ministry of the Industry and Trade of the Czech Republic has announced Call II as part of the Broadband Internet subsidy programme.Applicants may be business entities.
FASB clarified implementation guidance and disclosure requirements in the leases standard
On 5 March 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2019-01 that addresses three issues associated with adopting the new leases standard.