VAT news [March 2022]
In the March VAT news, you will learn what rules for tax relief apply to the supply of goods in connection with the humanitarian crisis in Ukraine, what tax rates contact lenses are subject to according to the …
Conditions of travel and residence of Ukrainian citizens in the Czech Republic
Arrival and obligations after entering the territory of the Czech Republic and the connection with the new law "Lex Ukraine". We have summarized the basic instructions for staying in the Czech Republic.
Conditions of travel and residence of Russian and Belarussian citizens in the Czech Republic
In addition to the conditions for the entry and residence of Ukrainian citizens in the Czech Republic, we also provide an overview of the circumstances of immigration for citizens of Russia and Belarus.
Tax reliefs for donations in support of Ukraine
On Wednesday, 9 March 2022, a governmental draft bill on tax measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the troops of the Russian Federation was introdu…
Is there going to be a change in the approach to applying tax depreciation “to the maximum extent possible” by recipients of inves…
Last December, the Regional Court in Brno delivered a very interesting judgment which, contrary to the standard practice, admitted that the recipient of an investment incentive in the form of tax relief is not …
IFRS EU Endorsement Process [February 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 1 February 2022.…
ETIAS or What is in store for visa-exempt foreign nationals
Have you heard about ETIAS? If not, you surely will soon. ETIAS or the European Travel Information and Authorisation System is a new system of the European Union that will apply to visa-exempt non-EU nationals.…
Minister Helena Langšádlová: The goal is for revenues to be reinvested in science and research in the Czech Republic
According to Helena Langšádlová, the Minister of Science, Research and Innovation, investments into this area will contribute to the transformation of the economy and are one of the main factors for the Czech R…
Error-prone areas in preparing corporate income tax returns
With the deadlines for filing corporate income tax returns approaching, we are providing you with a summary of a few areas that may bring about complications in practice. After all, we have observed a lot of co…