International CHIST-ERA Call 2021
The Technology Agency of the Czech Republic has opened a call in the field of ICT, the CHIST-ERA Call 2021. It will support projects focused on one of this year's topics: “Nano-Opto-Electro-Mechanical Systems (…
Public tender of the National Centres of Competence Programme
The Technology Agency of the Czech Republic (TACR) is preparing the second public tender of the National Competence Centre Programme, the announcement of which has been postponed in the past.
Preparation of calls from the National Recovery Plan
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…
Call from the Innovation Fund for large projects
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…
EU plans in the tax area
The EU has announced initiatives in the field of tax policy planned for the end of 2021 and beyond. Here is a short summary.
Comparing IFRS Standards and US GAAP: accounting roadmap published
In October 2021, Deloitte published a new piece of the roadmap accounting series on US GAAP related topics.
Acts performed by the tax administrator within a local inquiry may represent material initiation of a tax audit
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…
ESMA has announced enforcement priorities for 2021 financial statements
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.
Additional utilisation of suspended depreciation for tax purposes dismissed by the Regional Court
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,…