IFRS EU endorsement process [June 2022]
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 May 2022.
New extracts from the ESMA database of IFRS decisions
In May 2022, the European Securities and Markets Authority (ESMA) published further extracts from its confidential database of enforcement decisions taken by European national enforcers.
Prepared calls for energy savings, innovations and other
The announcement of several long-expected calls is planned for the months of June and July. These calls will focus on innovations, energy savings, renewable resources and the decrease of emissions.
Environment for Life programme: preparation of the sixth call
The Czech Technology Agency announced the preparation of the sixth call to the Environment for Life Programme, which focuses on the support of environment-related applied research, experimental development and …
National Recovery Plan: Announcing the call to save water in industrial production
The Ministry of the Industry and Trade announced a call on 5 May 2022 to support sustainable water treatment in industrial plants. Total funds of CZK 1 billion are prepared for applicants from the Czech Republi…
Increasing the digital level of enterprises to be supported by two newly announced calls
On 9 June 2022, the Ministry of Industry and Trade announced long-expected calls regarding enterprise digitalisation called Virtual Enterprise and Digital Enterprise. A total of CZK 2.1 billion is allocated for…
DAC 7: New obligation for digital platforms to bring better overview of online trading
The new notification obligation will apply to all operators of internet platforms that allow sellers to offer and sell goods and selected services (e.g. the provision of real estate, means of transport, or some…
Update on implementation of OECD global minimum tax (Pillar 2)
During a 17 June 2022 vote at a meeting of EU finance ministers (ECOFIN), Hungary surprisingly exercised its veto on EU draft implementation of Pillar Two of the 2021 global tax agreement through the OECD, whic…
Lex Ukraine II: new conditions for the stay of Ukrainian refugees in the Czech Republic
On 15 June 2022, the Senate of the Parliament of the Czech Republic approved an amendment to the laws collectively referred to as Lex Ukraine. The amendments primarily concern the tightening of the conditions f…