Financial reporting considerations related to the war
On 17 March 2022, Deloitte’s Global Office issued a 26 pages publication titled “IFRS in Focus – Financial Reporting Considerations Related to the Russia-Ukraine War”.
How can discovering self-serving expert opinions help in squeeze-out litigations?
Litigations over the fair value of “squeezed-out” shares of minority shareholders generate large amounts of information relevant to company valuations. The objective of squeeze-out litigations is to define the …
Another administrative court’s judgement on the interpretation of the term “beneficial owner”
The Municipal Court in Prague has recently issued a judgement (ref. no. 6 Af 36/2020-42 of 3 February 2022) which dealt with the interpretation of the term “beneficial owner” for the purposes of the Income Taxe…
Beware of fines related to VAT control statements
The Regional Court in Prague has recently issued a judgement favourable to VAT payers on fines for VAT control statements. In the judgement 43 Af 6/2020-37, the court assessed whether submitting the control sta…
Lex Ukraine – law on residence of refugees from Ukraine in the Czech Republic
We bring you the essential points of the new laws on measures in relation to the current situation in Ukraine, the so-called Lex Ukraine.
The Supreme Administrative Court decides compensation upon recruitment is also admissible in the business sector
The current low unemployment rate and the problem of Czech employers to find and keep high-quality employees is the reason for the increased efforts of employers to make their job offers more attractive and to …
In Brief from International Taxation [March 2022]
We bring you the latest news from international taxation, including the information that the Belgian financial administration presented a transfer pricing tax audit plan for 2022, or that according to the Court…
OECD and EU: News on the pillar one and pillar two solution
On 22 February 2022, the OECD published the comments on a consultation document regarding the draft model rules for nexus and revenue sourcing under Pillar One “Amount A”. The public comments shall assist an in…
Tax authorities may analyse even the web and social networks during tax audits
In the current digital age, tax administrators have a variety of information sources they can use during audits. And these include not only the documents provided by the taxable entity on request – public sourc…