VAT news [June 2022]
The Coordination Committee of the GFD and the Chamber of Tax Advisors of the Czech Republic has adopted a decision on the tax treatment of prematurely terminated energy supplies in the event that one of the par…
In brief from international taxation [June 2022]
The OECD continues to address the tax challenges arising from the interconnected digital world. Germany issues a decree on the income tax treatment of virtual currencies, while Sweden reconsiders its position o…
SAC: The objective of business is not an unlimited gathering of evidence for tax proceedings
In a recent judgment, the Supreme Administrative Court (“SAC”) heard a case proving the right to deduct VAT on purchased cleaning services and guarding. Beyond the unreviewability of the Regional Court’s judgme…
The reduced subject of the road tax and other tax changes come into force in July
The so-called package against the rising fuel prices presented by the Government was published on 8 June 2022 in the Collection of Laws under no. 68/2022 Coll., coming into effect as of 1 July 2022. In the area…
SAC: The parent company must compensate the contract manufacturer for losses
The Supreme Administrative Court (“SAC”) delivered a judgment in the area of transfer pricing confirming the opinion of the Financial Administration that fellow subsidiaries of multinational groups operating in…
What changes are coming to the issuance of Blue Cards for highly skilled foreign nationals?
As from 1 May 2022, the minimum amount of gross monthly or annual salary paid to holders of Blue Cards, a type of residence permit for highly qualified foreign nationals, has increased. Until 30 April 2023, thi…
Ministry of Industry and Trade to announce calls from OP TAC
The Ministry of Industry and Trade is planning to announce the first calls from the Operational Programme Technology and Applications for Competitiveness (OP TAC) in July, which will replace the Operational Pro…
IFRS EU endorsement process [May 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.
SAC upholds entitlement to higher compensation for withholding VAT deductions
Deloitte Legal’s tax litigation team has succeeded in obtaining a landmark ruling in the area of compensatory interest on tax deductions, ending a period of uncertainty over the amount of compensation to which …