In a long-awaited judgment, the Grand Chamber of the Supreme Administrative Court (the “SAC”) resolved the matter how to correctly calculate the prescription time limit in situations where the time limit for ta…
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 tax authorities will not impose penalties for non-compliance with the electronic method of filing tax returns. The reason is the extension of the range of persons for whom a data box has been established as…
Intragroup transactions and transfer pricing are continuously on the radar of tax administrations around the world, including the Czech Financial Administration. Therefore, tax audits with focus on transactions…
In a recent article, we introduced the possibility of reducing sanctions imposed by the Financial Administration of the Czech Republic due to tax arrears or additional tax assessment. This time, we are focusing…
With regard to the current economic situation, it has become evident that many companies are trying to minimise expenses and invest all financial resources in maintaining or developing their business. One of th…
Recently, administrative courts have repeatedly defended taxpayer when tax authorities illegally initiated and conducted a tax audit after the tax assessment period has passed following the taxpayer’s disapprov…
On 31 March 2021, the General Financial Directorate issued information on the effects of the Covid-19 pandemic on transfer prices (the “Information”) pursuant to recommendations of the OECD of December 2020 (th…
In its judgement ref. no. 10 Afs 228/2019-53, the Supreme Administrative Court (SAC) ruled against the possibility to extend the period for tax assessment through an irrelevant international letter of request.