Announcement of the Second Public Tender under the THÉTA Programme
On Wednesday, 17 October 2018, the second public tender under the Théta programme will be announced by the Technology Agency of the Czech Republic.
Launching the acceptance of applications for a subsidy under the OP PIK
In late September and during October the acceptance of the applications for a subsidy will be launched in several calls of the Operational Programme Enterprise and Innovations for Competitiveness 2014–2020…
Imposition of sanctions by the Financial Administration
The Financial Administration has recently published information about its activities in 2017 including statistical data concerning specifically tax administration. Based on comparison with the data of previous …
Everything You Wanted to Know about IFRS 15 but Were (Not) Afraid to Ask: Questions and Answers
IFRS 15 Revenue from Contracts with Customers became effective on 1 January 2018. As the new standard introduces significant changes in revenue recognition in comparison with the existing regulation, we would l…
Currently on ATAD implementation
The proposed amendment to the Income Taxes Act (included in the government package of tax law amendments), whose primary objective is to implement the EU Anti Tax Avoidance Directive – ATAD from 1 January 2019,…
Equity in the annual financial statements
In today’s article, we will focus on equity and selected aspects of its review in the annual financial statements prepared under Czech accounting legislation.
CbC reporting: Amended list of cooperating countries
In Financial Bulletin (“FB”) No. 7/2018 of 23 August 2018, the Financial Administration published an amended list of countries exchanging country-by-country reports (“Report”) with the Czech Republic. The chang…
Autumn Round of the Acceptance of Applications under the Rural Development Programme
The autumn, already the 7th, round of the acceptance of applications under the Rural Development Programme will take place from 9 October 2018 to 30 October 2018. The managing body is the Ministry of Agricultur…
The flat expense charge-off for entrepreneurs will not increase
The Chamber of Deputies rejected an amendment intended to restore the cap on the flat expense charge-off (“paušální výdaje”) to the past year’s level, i.e. in relation to the annual income of CZK 2 million.