VAT news [February 2024]
The Financial Administration has issued information regarding the application of the right to deduct tax for M1 passenger cars. Currently, an amendment to the VAT Act is undergoing the comment procedure, which …
Extended impact unveiled: IFRS 17 extends beyond insurance companies
IFRS 17 Insurance Contracts is the accounting standard that applies to insurance contracts regardless of the issuer, i.e. IFRS 17 does not apply only to insurance or reinsurance entities. This means that some c…
IFRS EU endorsement process [February 2024]
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 12 January 2024.…
Use of the police’s CCTV footage in tax proceedings before the SAC for the second time
After the intervention of the Constitutional Court, a case concerning the possibility of using the police’s CCTV footage in tax proceedings has returned to the Supreme Administrative Court (the "SAC"). We infor…
Illustrative Financial Statements under IFRS Accounting Standards as adopted by the EU for the year ended 31 December 2023
The version of the illustrative consolidated financial statements under IFRS Accounting Standards as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech …
Legal News [January 2024]: When the subjective notice period starts
Two-month subjective limitation period for giving notice of termination to an employee starts when an employer becomes aware of the reason for which notice of termination may be given to the employee; it was ru…
Subsidies to support electromobility from the National Recovery Plan
The Ministry of Industry and Trade has published a call called “Electromobility Guarantee” where businesses of all sizes can apply for support for emission-free (battery and hydrogen electric) vehicles and char…
New schedule of the Operational Programme Technologies and Application for Competitiveness (OP TAC) grant calls for 2024
The year 2024 brings an ambitious plan of the Operational Programme Technologies and Application for Competitiveness with several key challenges to strengthen innovation, energy efficiency and sustainable devel…
RES+ calls for support for rooftop and ground-mounted photovoltaic power plants have been announced
On 21 December 2024, the long-awaited calls for support for photovoltaic systems from the Modernisation Fund RES+ No. 1/2024 and RES+ No. 2/2024 were announced.