Simplified Administration of OP PIK
The Ministry of Industry and Trade of the Czech Republic has decided to simplify the procedure for issuing the Rulings on Subsidy Provision and Ruling Amendments under the Business and Innovations for Competiti…
Announcement of the M-ERA.NET 2 CALL 2019
The Technology Agency of the Czech Republic announced a public call focused on material research. The primary addressees of the call are Czech partners of international syndicates which consist both of research…
New Programmes for Research Support
On 25 March, the Czech government approved three new programmes to support research. Specifically, the programmes are as follows: TREND, Prostředí pro život (Environment for Life) and DOPRAVA 2020+ (TRANSPORTAT…
IFRS EU Endorsement Process: April
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 28 March 2019.
ESMA publishes a report on the activities of accounting enforcers and their findings within the EU in 2018
On 27 March 2019, the European Securities and Markets Authority (ESMA) published a report on the enforcement and regulatory activities of accounting enforcers within the European Union in 2018. ESMA is an indep…
2020 Tax Package Proposal
Shortly after this year’s tax package was approved (with effect from 1 April 2019 – detailed information is available here), the Ministry of Finance has prepared a draft bill to amend the following tax legislat…
Outstanding Vacation Days – a reserve or an estimated payable?
Opinions as to the period in which costs of outstanding vacation days should be accounted for and how have changed over time. At first, they were not accounted for at all, then through estimated payables and ev…
CJEU interpretation of beneficial ownership
On 26 February 2019, the Court of Justice of the European Union (CJEU) issued decisions in six cases (joined cases C-116/16 and C-117/16 and joined cases C-115/16, C-118/16, C-119/16 and C-299/16) concerning t…
International taxes in brief – April
Austrian government announced a package of proposals to tax the digital economy. According to European Commission UK CFC rules constitutes illegal state aid. This is only some of the news that you will read abo…