On 27 October 2023, the Chamber of Deputies approved the draft of the new Czech Top-Up Taxes Act (Parliamentary Document No. 515) in its third reading. Some minor legislative and technical changes were made to …
In today's rapidly evolving business landscape, staying competitive and efficient is paramount. One of the key areas where businesses can gain a significant advantage is through the adoption of electronic invoi…
The Pillar Two implementation process, which introduces a minimum taxation rate of 15% for multinational groups and large domestic groups, is continuing in EU countries. The most recent developments have been i…
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS published a package of documents on the implementation of the Pillar Two global minimum tax rules (“Pillar Two”). The package includes additional admini…
The introduction of the ChatGPT model at the end of 2022 marked a remarkable technological milestone – the deployment of generative artificial intelligence. This represents an attempt to develop what is known a…
The Czech Republic has finally fulfilled its obligation and completed the implementation of the EU Whistleblowing Directive. The new regulations, Act No. 171/2023 Coll., on the Protection of Whistleblowers (the…
While the primary goal of the AI Act is to regulate high-risk AI systems and ensure their safe operation within the EU, it is imperative to understand the entire spectrum of AI systems. The proposed risk-based …
The AI Act, or the Artificial Intelligence Act, focuses primarily on the category of high-risk AI systems, as their inadequate use could endanger health, safety, or human rights. All three legislative bodies of…
Legislative processes within the European Union may seem complex not only in terms of their form but also in terms of their timeframe. This is also true for the Artificial Intelligence Act (AI Act). To provide …