VAT Act Amendment

On 4 December 2018, the Chamber of Deputies debated an amendment to the VAT Act. A series of motions to amend the Act were presented (which are likely to be subsequently voted on during the course of January) and we specifically draw attention to the proposal to retain the current VAT treatment of payments made to statutory executives and members of statutory bodies and the proposal to temporarily retain the current definition of a finance lease of goods (through the end of 2019). 

6. 12. 2018

Breakthrough in the Existing Practice? A Company’s Management may be Liable for Additionally Assessed Tax

As our experience suggests, the Financial Administration has been exerting significant pressure on tax collection, which is reflected not only in an actual increase in tax proceeds, but also, for example, in the number of tax seizures ordered. However, the Financial Administration sometimes seeks to collect tax in highly unorthodox ways. One such procedure has been reviewed by the Regional Court in Hradec Králové – Pardubice Office (the “Regional Court”). 

24. 10. 2018

October Vat news: VAT Act Amendment

As the discussion of the technical amendment to the VAT Act has been postponed, it may be expected that the relevant changes (eg, in respect of tax base corrections, VAT reduction in the event of irrecoverable receivables, taxation of bonuses to statutory executives and members of statutory bodies, differentiation of financial and operating leases or taxation of vouchers for the purchase of goods/services) will come into effect on 1 April 2019 at the earliest. 

23. 10. 2018
Deloitte Live 

Twelve reasons why apartment prices are rising

"Apartment prices in the Czech Republic are still increasing. Apartment prices are rapidly rising. The rise of apartment prices does not end." This is only a fraction of the current newspaper headlines concerning the housing market. However, what are the reasons for such a dynamic price increase, which provokes doubts and concern among professionals but also among the general public? Here are twelve reasons that, in our opinion, are behind the high prices of apartments. 

30. 8. 2018