Updated Interpretation of the National Accounting Board I-8
The following article briefly summarises the key points of the National Accounting Board’s updated interpretation I-8 Social Fund and Similar Funds from Profit.
Transfer pricing: judgment on the including the depreciation of valuation difference in the cost base
The Regional Court in Hradec Králové issued judgment No. 31 Af 21/2022-99 on transfer pricing, where it confirmed the tax administrator’s view that when a valuation difference arises in an intra-group restructu…
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…