Gradual abolition of withholding tax
In connection with the introduction of the Uniform Monthly Employer Report, changes are also being made to taxation, specifically the withholding tax on income from dependent activities is being gradually aboli…
IFRS EU endorsement process [January 2026]
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 18 December 2025…
Illustrative financial statements under IFRS Accounting Standards as adopted by the EU for the year ended 31 December 2025
The version of the illustrative consolidated financial statements under IFRS Accounting Standards as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech …
Closing out 2025 in financial statements under IFRS Accounting Standards
This article provides a high-level overview of the new and revised IFRS® Accounting Standards effective for the December 2025 calendar year-end and subsequent accounting periods.
New calls for the Innovation Fund: billions of euros to decarbonise industry and clean technology
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has launched new calls for the Innovation Fund, one of the EU's key instruments to support the transition to climate neutrality. The…
TA CR opens subsidy support for new innovators: TREND – Newcomers Programme
The Technology Agency of the Czech Republic is preparing the 13th public tender of the TREND Programme, sub-programme 2 – "Newcomers", which targets companies with minimal experience with public support for res…
The development of the concept of “income” in the case law
Act No. 586/1992 Coll., on Income Taxes (ITA) does not contain a clear general definition of the term “income” and is limited to the description of individual specific forms of income. This article analyzes the…
The state will distribute 960 million for electric trucks and charging infrastructure
The Ministry of the Environment, through the State Environmental Fund of the Czech Republic, has announced the TRANSCom call No. 2/2025 – Emission-free road freight transport, which will support the transition…
VAT news [January 2026]
What changes has the amendment to the VAT Act, which is effective from 1 January 2026, brought? How does the General Financial Directorate view the application of VAT in the area of real estate? And what intere…