Which entities are required to account for deferred tax? And how is this tax properly calculated? In the following article, we have outlined what to pay special attention to when calculating deferred tax in the…
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…
On 13 October 2023, the consolidation package, or print no. 488 of the Chamber of Deputies, passed its third reading in the Chamber of Deputies of Parliament of the Czech Republic and was referred to the Senate…
In its recent judgments, the Municipal Court in Prague has supported the interpretation of the tax administration and rejected the application of the 5% corporate income tax rate to sub-funds of companies with …
The draft Consolidation Package, which concerned the setting of depreciation limits for M1 passenger vehicles, has been amended following a comment procedure to give the proposal a more concrete outline. As the…
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
After weeks of debates and negotiations, the Czech government presented its consolidation and austerity package for the next few years at a press conference on 11 May 2023. The package contains a set of measure…
The recent judgment of the Supreme Administrative Court reconfirms that incentive bonuses paid to employees of another entity for active sale promotion of your products constitute a taxable income from employme…
In December 2021, the European Union adopted an amendment to Directive 2013/34/EU concerning the rules for the disclosure of income tax information (so-called public country-by-country reporting or public CbCR)…