On 13 October 2022, the EU Commission launched a public consultation on the Business in Europe: Framework for Income Taxation (BEFIT) in accordance with which the Commission aims to propose a directive by the t…
On 31 October, the International Accounting Standards Board (IASB) published 'Non-current Liabilities with Covenants (Amendments to IAS 1)' to clarify how the conditions with which an entity must comply within …
In our practice, we often come across the question under what conditions a statutory executive, who is a third country national, can enter the territory of the Czech Republic and perform his/her function. The f…
As the year draws to a close, we bring you an update on double taxation treaties. From 1 January 2023, the provisions of the new treaties with San Marino, Qatar, and Senegal will be implemented.
On 4 October 2022, the EU Council decided within a regular ECOFIN meeting to add Anguilla, The Bahamas and the Turks and Caicos Islands to the EU list of non-cooperative jurisdictions for tax purposes. With the…
The judgment I. ÚS 2337/21 of the Constitutional Court dealt with the interpretation of a loan agreement and the nature of the contractual penalty arrangement in connection with the question of whether it const…
The forthcoming amendment to the Income Tax Act and the VAT Act and other related acts brings several changes that should come into force from 1 January 2023. We have prepared an overview of the novelties that …
A new windfall tax has been published in the Chamber of Deputies Print No. 254 in the form of the Czech Minister of Finance’s amendment to the 2023 tax package, which is expected to take effect on 1 January 202…
What is new in indirect taxes? The expected amendment to the VAT Act is still pending in the Chamber of Deputies. The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors …