The Ministry of Industry and Trade is preparing the first calls of the National Recovery Plan, which are expected to be announced in the upcoming weeks. The Plan aims to revive the economy through subsidy suppo…
At the end of October, a call from the Innovation Fund to support so-called large projects (exceeding EUR 7.5 million) was opened. The support will involve projects focusing on highly innovative technologies, p…
The EU has announced initiatives in the field of tax policy planned for the end of 2021 and beyond. Here is a short summary.
In October 2021, Deloitte published a new piece of the roadmap accounting series on US GAAP related topics.
According to a recent ruling of the Municipal Court in Prague ref. no. 18 Af 11/2021, the tax administrator exceeded the regulatory framework of local inquiry by performing acts corresponding in their nature an…
On 29 October 2021, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2021 financial statements will focus on.
In general, the Income Taxes Act provides taxpayers with an option to suspend tax depreciation of assets or not to utilise it at all. Thus, the utilisation of tax depreciation in the tax base is an alternative,…
The EUROMED Community aims to promote economic integration across EU states, their neighbours, North Africa as well as Middle Eastern countries. With effect from September, the “transitional rules of origin” ha…
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 31 August 2021.