IFRS EU Endorsement Process [May 2021]
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 7 May 2021.
Call announcement: Digital Enterprise in OP EIC
The announcement of the Digital Enterprise call is planned for the end of May this year. The submission of applications is to open on 2 September.
Public tender announcement: DELTA 2 Programme
The Technology Agency of the Czech Republic has announced a new call focused on the support of applied research, experimental development and innovation in the field of supporting international cooperation. The…
Verification of foreign public documents for the purpose of immigration proceeding in the Czech Republic
Due to the necessity to attach a special verification clause to some foreign documents, immigration proceedings in the Czech Republic are lengthy for foreigners from numerous countries. The following article re…
Briefly on the reporting obligation under DAC VI
On 1 January 2021, a new obligation was introduced to notify tax authorities of certain cross-border transactions and other arrangements that meet characteristics defined by law. Due to a lack of clarity on thi…
VAT news [May 2021]
The amendment to the VAT Act, which should change the rules for mail orders of goods within the EU, has not been presented in the Senate yet. Until the year-end, it will be possible to exempt from tax the impor…
IASB published amendments to IAS 12
On 7 May 2021, the International Accounting Standards Board (IASB) published Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction that clarify how companies acco…
In Brief from International Taxation [May 2021]
May’s news from international taxation among other introduces a follow-up on CJEU cases on dividend distribution, summarises an CJEU opinion on dividend payment to collective investments undertaking and informs…
Tax waiver in relation to a professional education allowance
On 27 April 2021, the Minister of Finance issued another resolution on waiver of income tax on the grounds of an extraordinary event caused by the coronavirus spread. This time, it relates to the income tax cor…