On 22 December 2021, The European Commission published a proposal for a new directive laying down rules to prevent the misuse of so called “shell” entities (empty shells without economic substance) for tax purp…
With the increasing number of electric cars on our roads, we are increasingly faced with the question of how to properly tax the purchase and installation of charging stations from the employer's perspective an…
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 28 December 2021…
The Ministry of Industry and Trade is preparing the first calls from the National Recovery Plan (NRP), which are expected to be announced during February. The NRP aims to revitalise the economy through subsidie…
The Technology Agency of the Czech Republic plans to announce the 4th public tender under the GAMA 2 programme (Sub-programme 2) to support applied research, experimental development and innovation.
During November, one of the regular meetings of the Research, Development and Innovation Council (RDIC) was held to discuss the SIGMA programme. This programme is designed to support applied research and innova…
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
From 2021 to 2027, Czech companies will have a record amount of public funds available to support their development activities. Most funds will be primarily released to support the so-called green projects with…
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2021 calendar year-end and subsequent accounting periods.