On Wednesday, 9 March 2022, a governmental draft bill on tax measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the troops of the Russian Federation was introdu…
With the deadlines for filing corporate income tax returns approaching, we are providing you with a summary of a few areas that may bring about complications in practice. After all, we have observed a lot of co…
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,…
Following the amendment to the Income Taxes Act effective since 1 January 2021, a decree of the Ministry of Finance (No. 335/2021 Coll.) was published in the Collection of Laws after more than 8 months, amendin…
On 30 September 2021, an amendment to the Banking Act was published in the Collection of Laws, which was altered during the legislative process to also include an amendment to the Income Tax Act. This amendment…
The Municipal Court in Prague issued decision ref. no. 6 Af 20/2020-28 determining that income from a short-term rental made through platforms like Airbnb does not constitute a rental of immovable property, but…
As part of the amendment to Act No. 120/2001 Coll., on Licensed Enforcement Agents and Enforcement Proceedings (Enforcement Act), among other things, Act No. 586/1992 Coll., on Income Taxes (ITA) has also been …
As of 1 July 2020, an amendment to the Income Taxes Act regarding the utilisation of tax losses became effective through Act No. 299/2020 Coll. In addition to the newly introduced tax regime where a tax loss ca…
In connection with the current epidemic situation, the Ministry of Finance of the Czech Republic issued another decision on remission of taxes and related interest and fees due to an extraordinary event. The Mi…