12. 4. 2017
12. 4.
2017
Latest news - April 2017
Last month’s tax and legal news in a few sentences.
- An amendment to the Act on International Cooperation in Tax Administration, extending the automatic exchange of tax information by information about preliminary tax rulings and advanced pricing agreements, has been published under no. 92/2017 Coll.
- An amendment to the Cadastral Decree was published in the Collection of Laws under no. 87/2017 Coll.
- An amendment to the Employment Act published under no. 93/2017 Coll. implements two EU directives. It primarily aims to identify and review the actual assignment of personnel and set rules of administrative cooperation between the relevant EU member states’ bodies including cross-border enforcement of monetary administrative sanctions and penalties.
- The GFD published its Information on Taxation of Income Generated by an Individual from the Operation of an Electricity Generation Plant, according to which criteria for assessing whether a licence to operate an electricity generation plant is required include not only the installed output but also the manner in which the electricity generation plant is operated, which is fundamental. Where an electricity generation plant is operated as a business activity under the Energy Act, the licence is required irrespective of the installed output.
- In March, the EU member states’ ministers of finance again discussed a motion allowing the implementation of the reverse-charge mechanism on a general basis. They also discussed a motion to reduce VAT rates on e-books.
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