In the June issue of Legal News, we bring you five interesting judgments that caught our attention last month with their impact on legal practice. The Supreme Court clarified that the pre-emptive right of the …
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 30 May 2025.
On 27 May 2025, the amendments to IFRS 7 Financial Instruments and IFRS 9 Financial Instruments: Disclosures titled Amendments to the Classification and Measurement of Financial Instruments were endorsed by t…
IFRS 18 Presentation and Disclosure in Financial Statements becomes effective in 2027 and necessitates a full retrospective approach, meaning that comparative information for 2026 must be prepared. All entiti…
How to correctly value internally developed or produced inventory? That is one of the most common accounting questions that manufacturing companies ask themselves. In the case of mass production, it is usuall…
At the end of June, support in the field of waste management should be launched. It will focus mainly on the material recovery and recycling of municipal waste and similar waste. Furthermore, support should b…
Within the Czech Republic, we are used to the fact that income from inheritance is exempt from tax. Since 2014, inheritance tax has been abolished in the Czech Republic and income from inheritance is also exe…
In response to the changes brought about by the amendment to the VAT Act, the Ministry of Finance has modified the method of calculating the floor area in its decree. The General Financial Directorate has iss…
On 13 June 2025, the General Financial Directorate issued methodological information containing recommendations on how to proceed with the depreciation of a photovoltaic power plant. Changes in this area were…