Tax Outlook for 2021
The Ministry of Finance has submitted a proposal for tax amendments for 2021 to the government. These amendments are summarised in Document of the Chamber of Deputies No. 910, which has currently passed its fir…
VAT News [August–September 2020]
Quick fixes, which regulate certain rules for cross-border transactions within the European Union, will take effect from September. The Court of Justice of the European Union (CJEU) has ruled in three interesti…
Current Developments in the Legislative Process of the Income Tax Act
The legislative process in the field of Act No. 586/1992 Coll., on Income Taxes, as amended (hereinafter referred to as "ITA"), is very rapid, its development is difficult to predict and, moreover, the individu…
The Ministry of Finance Issued Another Decision on Remission of Sanctions for Late Filing of Tax Returns and Remission of Tax
In relation to the spread of the SARS-CoV-2 virus, the Ministry of Finance has issued a new decision that partially builds on the previously issued decisions on remission of taxes and related interest and fees.…
Briefly on Selected Amendments to the Income Taxes Act
The development of Czech legislation has recently been so rapid that it is starting to be rather difficult to keep track of all the proposed changes. We have therefore prepared a brief overview of some of the p…
VAT News [May 2020]
The Chamber of Deputies will discuss amendments to the VAT Act, for instance an amendment establishing rules for intra-Community trade in goods or an amendment altering the procedures for mail order sale of goo…
Proposal to abolish a real estate acquisition taxes and related measures
The Ministry of Finance proposes adopting a series of tax measures in the area of real property, from which it hopes to set the market in motion and, in the long term, also improve the availability of one’s own…
VAT News [February 2020]
What changes in the VAT Act are in preparation? What are the greatest difficulties related to reducing the VAT rate on draught beer? How to look at benefit cards from the VAT perspective? These are just a few o…
Income Taxes Act Outlook through 2021 – Significant Changes Considered in Individual Taxation
Parliamentary Press No. 572 updating, inter alia, Act no. 586/1992 Coll., on Income Taxes (the “ITA”) has not passed the legislation process yet and another amendment for 2021 is already being discussed. Accord…