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 …
Do not miss: VAT News – October
Read about Amendment to the VAT Act and Judgments of the Court of Justice of the European Union.
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 concerni…
Do not miss: VAT News – September
The General Financial Directorate has made comments on the issue of correcting the tax base in respect of supplies made for debtors in bankruptcy, the Court of Justice of the EU addressed the rules of exempting…
Digital currencies and their issues in the tax and legal world
With the increasing popularity of digital currency, also called cryptocurrencies, there is a growing number of issues related to their legal definition, accounting and taxation. Recently, some indications have …
Changes in VAT legislation
The Government approved an amendment to the VAT Act with the proposed effective date from January 2019. Compared to the original wording, the change in the taxation of grants from public sources has been postpo…
Tax administrations in Central Europe tighten their procedures
Tax authorities across Central Europe have significantly tightened their procedures both in relation to the number of audits performed and the manner in which the audits are performed. The primary areas that ta…
VAT News: June
What are the latest VAT developments? Read about the judgement of the Court of Justice of the EU and the amendment to the VAT Act.
Upcoming Amendment to the VAT Act
The Czech Ministry of Finance has presented the first proposed amendment to the VAT Act, which should (barring exceptions) become effective on 1 January 2019. The amendment is set to fully revise the rules for …