International taxes in brief
Austria introduced the CFC rules. The European Commission will possibly appeal in a Belgian state aid case. Cyprus sets new rules for the determination of interest rates for notional interest deductions. And Fr…
New R&D tax relief rules apply
On Tuesday, 12 March, the Chamber of Deputies approved an amendment to the Income Taxes Act, which also amends rules for applying R&D tax relief. Amendments proposed by the Senate of the Czech Republic were…
Can holiday compensation be used as part of the R&D deduction claim?
Holiday compensation and its utilisation as a research and development (“R&D”) deduction has been a widely debated issue in recent years. The General Financial Directorate refused for such compensation to b…
The Court’s New View on the Utilisation of Clinical Studies as Part of the R&D Deduction
The Supreme Administrative Court (the “SAC”) has found against Vestra Clinics s.r.o. (the “Plaintiff”) in the matter of the possibility of utilising clinical studies as deductible items for research and develop…
Research and Development Deduction: The Fundamental Ruling
The Regional Court in Hradec Králové ruled in favour of the plaintiff (ENERGO CHOCEŇ, s.r.o.), revoking the contested ruling and referring the matter back to the Appellate Financial Directorate for further proc…
News in the application of the research and development deduction… Are better days ahead?
2016 saw the first drop in the use of the research and development (“R&D”) deduction in the entire 13-year-long existence of this business support. Taxpayers and the expert public noticed increased activity…
Current Trends in the Area of Deduction
As we have informed you in previous articles, R&D tax deductions are increasingly more often examined by the tax administration. The growing number of audits, which often result in legal disputes, leads to …
Regional Court: Clinical Trials of Medicaments Classified as Research
We would like to provide additional information on legal disputes concerning R&D deductible items, this time in the area of clinical studies. In late February, the Regional Court in Hradec Králové issued ne…