IFRS EU endorsement process [June 2023]
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 2 June 2023.
The Government approved an amendment to the Act on Transformations of Companies and Cooperatives
Relatively much has been written in the professional press about the forthcoming amendment to Act No. 125/2008 Coll., on Transformations of Companies and Cooperatives. However, the current wording of the draft …
The Regional Court ruled on the issue of the beneficial owner of royalties
We bring you a recent judgment of the Regional Court in Brno (no. 29 Af 62/2018), which considered the issue of the beneficial owner of income arising from the royalties paid abroad. Recently, beneficial owners…
IASB publishes amendments to IAS 7 and IFRS 7 regarding supplier finance arrangements
On 25 May 2023, the International Accounting Standards Board (IASB) published 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' to add disclosure requirements, and ‘signposts’ within existing dis…
Overview of upcoming calls until the end of 2023
Do you want to know what investments and project plans will be supported by the grant calls scheduled to open before the end of the year? We have prepared an overview of the most interesting grant opportunities…
IASB published amendments to IAS 12
On 23 May 2023, the International Accounting Standards Board (IASB) published 'International Tax Reform — Pillar Two Model Rules (Amendments to IAS 12)' to respond to stakeholders’ concerns about the potential …
Marketing grant programme will support international expansion of companies
On 19 June 2023, the Ministry of Industry and Trade opened receipt of applications for support under Call I. Marketing in the Operational Programme Technology and Applications for Competitiveness. The purpose o…
Cross-border work in the EU: social security and the new framework agreement
The EU Administrative Commission has approved a new framework agreement on social security coordination, which will come into force on 1 July 2023. The agreement responds to the changing labour market, in parti…
VAT news [June 2023]
What can you read about in the June VAT news? The Czech Republic submitted a proposal to the EU Council to apply a reduced VAT to the supply of environmentally friendly products. The Supreme Administrative Cour…