IFRS 18 endorsed for use in the EU
On 13 February 2026, the new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' was endorsed by the European Commission for use in the European Union. The EU effective date is the same as t…
Customs duty on small consignments to the EU from 1 July 2026
The European Union has approved the introduction of new rules for the import of small consignments, which will come into force on July 1, 2026 and will operate in a transitional period until July 1, 2028. This …
Sustainability reporting: from compliance to a tool for creating long‑term value
The European framework for ESG reporting is undergoing a fundamental transformation. The EU Corporate Sustainability Reporting Directive (CSRD), together with the European Sustainability Reporting Standards (ES…
Obligation to publish financial statements and other documents
A recent judgment of the Supreme Administrative Court shows that failure to publish the financial statements can lead to serious consequences. In this article, we have summarised the practical implications for …
New subsidy calls for research and development support: STEP Applications and STEP Investments
Interest in industrial research and experimental development among Czech companies has significantly strengthened in recent years. This was also confirmed by the premature closure of the Application – DEEP TECH…
In brief from international taxation [January 2026]
What's new in the field of international tax treaties? What is the development of the 28th Regime, which brings the possibility of uniform corporate regulation within the EU? What changes do we expect in the st…
“Švarcsystem”: strengthening of control activities and a significant judgment of the Supreme Administrative Court
In autumn 2025, the Financial Administration issued a press release in which it drew attention to illegal forms of employment and at the same time informed about the strengthening of inspection activities in co…
Overpayment left on a personal tax account is forfeited to the state after six years
In its recent judgment, the Supreme Administrative Court dealt with the issue of the expiration of a refundable overpayment, provided that the taxpayer does not request its refund in time. The court's conclusio…
VAT News [February 2026]
In the February news in the field of VAT, we bring you a summary of interesting case law that has recently been dealt with by the Court of Justice of the European Union. In the article you will find, for exampl…