VAT news [April 2025]
The Ministry of Finance has produced a draft decree providing the correct calculation of the floor area of properties. The Court of Justice of the European Union decided under what conditions VAT taxpayers co…
Legal News [March 2025]: The Supreme Court addresses the validity of withdrawal from non-compete clauses
Last month, the Supreme Court addressed several important issues in its rulings, ranging from equal treatment of judges to the statute of limitations on easements, and the abuse of rights in the withdrawal fr…
Changes in ESOP taxation effective from April 1, 2025. The GFD has prepared information on the topic
On March 27, 2025, a law was announced in the Collection of Laws which will change the mandatory deferred taxation regime of income from employee stock options plans to an optional regime starting from April …
Subsidy for rail spurs: Last chance to meet the deadline for application submissions
Did you know that you can currently apply for a subsidy covering up to 49% of expenses for the construction of new railway spurs or the modernization and expansion of existing ones? The Ministry of Transport of…
Omnibus package: Changes in sustainability reporting
The European Commission (EC) has proposed several legislative measures, referred to as the Omnibus package, that are intended to significantly reduce the requirements of due diligence and sustainability reporti…
Constitutional Court: Is the company entitled to interest on wrongly collected customs duties?
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…
VAT news [March 2025]
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 …
Classification of liabilities with covenants in practice
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…
In brief from international taxation [February 2025]
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…