Deputies pass windfall tax

The chamber of deputies today have approved the introduction of a tax on windfall profits for 2023 to 2025, in the form of a bill submitted by the Minister of Finance. All amending proposals were withdrawn or rejected.

Compensation for energy costs for large businesses: applications to be accepted from…

On 2 November 2022, the Ministry of Industry and Trade published the first call for large businesses to apply for aid with respect to increased gas and electricity costs under the European Commission's Temporary Crisis Framework (TCF). Applications…

Penalty for filing VAT ledger statement for incorrect taxable period

In case 5 Afs 281/2021-34, the Supreme Administrative Court (SAC) dealt with the question of whether a CZK 50,000 penalty had been legitimately imposed on an entity who had incorrectly filed a VAT ledger statement for a previous period. The SAC…

Compensation for energy costs for businesses: basic parameters

The expected aid for companies facing increased natural gas and electricity costs due to extraordinary energy price increases is imminent. The government has specified the terms of the programme with an expected allocation of up to CZK 30 billion…

Temporary protection extended by one year

In response to the war in Ukraine, the EU member states adopted a coordinated approach to refugee protection and enshrined temporary protection status in their national legislations. Under Czech regulations, temporary protection provides its holders…

TREND programme to support development of 5G technologies

In October, the Technology Agency of the Czech Republic (TA CR) announced the 8th call to participate in research and experimental development under the TREND programme with a focus on the development of 5G and higher technologies.

TREND programme for newcomers

The Technology Agency of the Czech Republic (TA CR) has announced the preliminary parameters of the next call for proposals under the TREND programme to support industrial research and experimental development. The 9th call is intended to kick-start…

EU to increase state support for businesses hit by energy crisis

The European Commission has extended the Temporary Crisis Framework allowing direct subsidies or other forms of state aid for businesses affected by the energy crisis to mitigate the negative economic impact.

Windfall tax’s final stages: bill to be debated in Parliament

Parliamentary deputies are currently discussing the proposal to introduce a tax on windfall profits (windfall tax) for selected taxpayers in the fossil fuel and energy sectors and for banks. The tax should apply between 2023 and 2025. Excess profits…

Self-employed can associate and bargain collectively

The European Commission has issued guidelines on the application of EU competition law to collective agreements regarding the working conditions of self-employed persons who are in the same position as employees. Under these guidelines, it will be…

When does Labour Code not apply to truck drivers?

In the summer, an amendment to the Road Transport Act entered into effect, as a result of which certain provisions of the Labour Code shall not apply to drivers in international road transport from 1 August 2022. The amendment thus restricts certain…

Appeals proceedings: How long may it take?

The tax authority has assessed you with additional tax. You disagree and therefore decide to file an appeal, hoping to get a remedy soon. How long will it take for the appellate authority to examine the case? Are there any deadlines that the…