VAT News [November 2020]
What is new in the world of VAT? In its judgement, the Court of Justice of the European Union (CJEU) did not recognise the right to deduct tax assessed from the import of goods, if the importer has no right to …
Extension of the Remission Guidance for Retailers and Service Providers
On Monday, October 26, the Ministry of Finance introduced further tax reliefs through the “Decision on remission of the accrued interest and associated fees and tax advance due to an extraordinary event” publis…
VAT news: tax deduction advance
An amendment to the Tax Code brings a new tax institute effective from 1 January 2021, which allows the payment of a tax deduction advance (“advance”) before the tax deduction is determined, i.e. before a tax a…
VAT News [October 2020]
The minister of finance announced VAT remission on free delivery of selected protective and medical equipment. The Court of Justice of the EU issued a judgment in a case involving the payment of VAT on a free s…
In Brief from International Taxation [September 2020]
Since 1 September 2020 The Czech republic has implemented MLI rules to Tax Treaties with Australia and Canada. The European Commission published the Study on EU-28 2018 VAT Gap, the largest VAT Gap was observed…
Tax News – Summer 2020
We have already informed you in our previous articles about the forthcoming changes, which include so-called implementation package amending several legal regulations due to the implementation of EU tax laws. I…
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…
VAT payers are entitled to higher interest due to lengthy reviews of excessive deductions
The Supreme Administrative Court rendered a judgement in mid-July, which has a significant impact on the amount of compensation pertaining to VAT payers whose excessive deduction refund was withheld by the tax …
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.…