In the current judgment I. ÚS 2293/23, the Constitutional Court assessed whether the Supreme Administrative Court (“SAC”) acted in accordance with the Charter of Fundamental Rights and Freedoms when it referred…
The General Financial Directorate has issued guidelines on waiving fines, penalties, and interest. The Coordination Committee of the GFD and the Chamber of Tax Advisors of the Czech Republic will discuss the …
For the accounting period beginning on or after 1 January 2024, amendments to IAS 1 titled Non-current Liabilities with Covenants are effective to clarify how the conditions with which an entity must comply wit…
A new double taxation treaty between the Czech Republic and Montenegro has come into effect. The European Commission has presented its tax program for 2025. The OECD highlights inequalities in the current capit…
From Wednesday, March 12, 2025, additional tariffs of 25% were imposed on steel and aluminum produced in the EU, as well as on certain products made from these materials and imported into the United States. I…
When preparing financial statements, certain areas may present interpretational challenges. This article examines two such areas—revenue recognition and the recharging of expenses.
The amendment to the Lex Ukraine VII law significantly reduced the possibility of obtaining Czech citizenship for citizens of the Russian Federation older than 15 years, at least until the end of March 2026.…
The Supreme Court, in a series of its latest rulings, addressed key issues of civil law – from the rejection of a claim for the grant of necessary access due to gross negligence, to liability arising from ope…
On 26 February 2025, the Senate approved a bill that will make the currently mandatory regime of deferred taxation of income from Employee Stock Ownership Plans (ESOPs) optional. As the President did not sign t…