The already fourth public competition under the TRIO programme supporting applied research and experimental development will be announced on 3 September 2018. The anticipated period for filing applications will…
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 to the existing regulation, we would lik…
Today’s issue of Accounting News will briefly summarise the main points of Interpretation I-37 of the National Accounting Council ‘Accruals and Deferrals and Foreign Currency’.
The Ministry of the Environment of the Czech Republic together with the State Environmental Fund of the Czech Republic have announced two calls aimed at the support of projects that increase the share of utilis…
The discussion concerning one-crown bonds is continuing. As repeatedly debated in the media, the Financial Administration continues to carry out tax inspections of the companies which issued so-called one-crown…
A large number of Czech businesses that are part of multinational groups already have first-hand experience that the Czech tax administration’s approach has undergone a fundamental change in recent years as reg…
With the increasing popularity of digital currency, also called cryptocurrencies, there is a growing number of issues related to their legal definition, accounting and taxation. Recently, some indications have …
In relation to the upcoming exit of the United Kingdom of Great Britain and Northern Ireland from the European Union in spring 2019, the Ministry of the Interior of the Czech Republic has issued recommendations…
The times when the financial authorities could discover “forgotten” income of taxpayers only during a specific tax audit are long gone. Thanks to digitalisation and the use of technologies in many areas of acti…