New consolidated text of EU-IFRSs available
A new consolidated text of all International Financial Reporting Standards in force in the European Union (EU) has been published in the Official Journal.
Legal News [October 2023]: Application of the protection period during pregnancy
The following lines of the current Legal News deal with, inter alia, two decisions of the Supreme Court related to the termination of an employment relationship. In the matter of the burden of proof for the exi…
Support the transition to low-carbon energy with public support
Electricity and gas prices are not only a problem for households, but also for many domestic entrepreneurs and companies. With energy prices rising significantly, businesses are looking for ways to reduce energ…
In brief from international taxation [October 2023]
The OECD published a consensus on a multilateral convention for the implementation of Pillar One Amount A. In France, the draft finance bill for 2024 was published. The Greek Parliament adopted the transpositio…
How to disclose accounting policies from 1 January 2023
From 1 January 2023, the amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements titled Disclosure of Accounting Policies are effective. In this arti…
European Commission issues draft transfer pricing directive
On 12 September 2023, the European Commission published a proposal for a transfer pricing directive (the “EU Directive”) as part of the so-called “BEFIT” package. In addition to introducing a common EU-wide inc…
Programme to support applied research and innovation in the energy sector
The Technology Agency of the Czech Republic (TA CR) has published the parameters of the first call for tenders in the THÉTA 2 programme. The programme supports applied research and innovation in the field of en…
Software as a licence – an asset or an expense?
The technological evolution of recent years has caused companies to shift away from proprietary software and on-premises servers to licensing and cloud solutions. This development has significantly affected the…
Double taxation treaty with Kosovo
After many years of discussions, the treaty between the Czech Republic and the Republic of Kosovo on the avoidance of double taxation and prevention of tax evasion with respect to taxes on income entered into f…