VAT news [November 2023]
The amendment to the VAT Act has been signed by the President. The meeting of the Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors will address a likely change in the …
In brief from international taxation [October 2023]
The OECD published a consensus on a multilateral convention for the implementation of Pillar One Amount A. In France, the draft finance bill for 2024 was published. The Greek Parliament adopted the transpositio…
VAT news [October 2023]
What is new in the amendment to the VAT Act approved by the Chamber of Deputies? How did the Court of Justice of the European Union rule on the question of whether or not a gift of higher value received by subs…
Consolidation package heading to the Senate
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…
VAT news [September 2023]
The amendments to the government’s consolidation package bring interesting changes to the area of VAT. The General Financial Directorate has addressed the determination of the tax base for the donation of hard-…
Abuse of VAT law for leases of immovable property: What are the court’s conclusions?
Recently, we have seen an increasing interest of the tax authorities in the abuse of law. The Municipal Court in Prague (Ref. No. 3 Af 20/2021-43) recently examined one such case of abuse of law in connection w…
Consolidation package: proposed changes to passenger car depreciation
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…
VAT news [June 2023]
What can you read about in the June VAT news? The Czech Republic submitted a proposal to the EU Council to apply a reduced VAT to the supply of environmentally friendly products. The Supreme Administrative Cour…
The Recovery Package in the context of tax changes
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.