CJEU on the right to deduct VAT if supplier pretends to be another person

The Court of Justice of the European Union (CJEU) recently ruled that taxpayers involved in tax fraud shall be denied the right to deduct VAT in full, even if the loss of tax revenue (tax evasion) is lower.

Notification obligation when employing foreigners also applies to foreign companies

One of the administrative tasks connected with employing foreigners is the employer's notification obligation towards the Czech Labour Office. Even Czech employers are often not aware of this obligation, or do not know how to deal with the…

SAC on proving identity of customer from another member state

The Supreme Administrative Court (SAC) has referred a preliminary question to the Court of Justice of the EU whether it is possible to deny the right to VAT exemption of supplies of goods to another EU member state if the supply to a specific…

Overturning financial administration decisions

The Appellate Financial Directorate has rejected your appeal and you disagree with the decision. Can you defend yourself further? Is it at all worth continuing the dispute with the financial administration? Today, we will focus on these and other…

Horizon Europe programme for innovation development in enterprises

Horizon Europe is the research and innovation framework programme running from 2021 to 2027. It is the most important instrument for supporting research and innovation in Europe and worldwide. Successful projects will be entitled to the…

EU directive ensuring minimum taxation level enters into effect

The EU member states have finally agreed on the introduction of a minimum effective tax rate: the directive on ensuring a global minimum level of taxation for multinational groups and large national groups entered into effect on 23 December 2022. It…

New Accounting Act has clear outlines

The law promises to reduce the administrative burden and move accounting towards international standards. Together with implementing decrees, accounting standards, and a law amending related legislation including the Income Tax Act, the act should…

EU tightens rules for placing coffee, palm oil, or beef on the market

The EU is preparing a regulation imposing stricter rules for making certain commodities and products available on the EU market and exporting them from the EU market. The new regulation shall apply, for instance, to coffee, soy, palm oil, cattle, or…

What’s new in tax for employees in 2023?

With the new year come changes in employee taxation as well as social security and health insurance. The maximum assessment base for social security contributions has increased and the limit from which wages are taxed at 23% has been raised. Many…

News in Brief, January 2023

Last month’s tax and legal news in a few sentences.

Court agrees: bonds issued under commission agency agreement not to be included in…

The court agreed with our tax litigation team in a dispute concerning thin capitalisation rules. When applying the test, the economic substance of the credit relationship should be taken as a basis – the bonds issued for unrelated investors under a…

Gas and electricity price caps for large businesses from January: support conditions…

2023 will see electricity and gas prices capped also for large businesses regardless of whether they are low-voltage, high-voltage, or very high-voltage electricity consumers. If you wish to take advantage of support for high electricity and gas…