The key tax news of 2024
A number of tax changes came into force at the beginning of 2024. This article provides a summary of the most crucial ones.
ESOP: Uncertainties regarding social security and health insurance premiums
On 29 December 2023, Act No. 462/2023 Coll. was promulgated in the Collection of Laws, amending certain acts in connection with the development of the financial market and the promotion of old-age security. It …
The European Commission has updated the list of tariff suspensions and quotas
Tariff suspensions, together with tariff quotas, allow EU companies to significantly reduce the cost of customs duty they would otherwise have to pay when importing materials and semi-finished goods needed for …
SAC: A request for international exchange of information can materially initiate a tax audit
One of the most important judgments of 2023 was the judgment in case No. 6 Afs 59/2023, by which the Supreme Administrative Court (“the SAC”) upheld the taxpayer’s cassation complaint concerning the tax adminis…
Real estate tax: Review your tax return obligation
In connection with the amendment to the Real Estate Tax Act coming into effect as of 1 January 2024, we have prepared not only a summary of the key novelties and changes affecting the obligation to file a tax r…
The Ministry of Finance of the Czech Republic has published a new Accounting Act
After a year since the end of the external comment procedure, the Ministry of Finance of the Czech Republic has published a draft of the new Accounting Act, thus introducing a long-awaited concept of the new ac…
DAC 7: The first reporting deadline for digital platform operators is here
We have stepped into the new year and with it approaches the deadline for the first report under the reporting obligation for digital platform operators. The deadline is 31 January 2024. If you are a platform t…
Methodological information on taxation of benefits from 1 January 2024
To improve legal clarity, the General Financial Directorate has finally released methodological information regarding the taxation of benefits and other perks offered by employers to employees starting on 1 Jan…
Are better days ahead for the R&D tax deduction checks?
Effective from 1 January 2024, Section 34c of the Income Taxes Act has been amended by adding a new provision stating that in case of doubts by the Tax Administrator, the content of the project documentation ca…