Tax & Legal Update
A big amendment to Labour Code is out of game
Already in February 2016, the Ministry of Labour presented its draft amendment to the Labour Code, aiming to significantly change this fundamental labour law. The deputies, however, did not manage to discuss the draft before the term end. As much as…
Quiet revolution in dividend payment?
With the effective date of the Corporations Act four years ago, a new chapter of corporate law started to be written. While some old concepts have explicitly been abandoned by the new law, some changes are only appearing gradually, as the…
PSD2: Amendment to payment services regulations
An amendment to the Act on Payment Services, implementing PSD2, the Second Payment Services Directive, into the Czech legal system, was passed a few days ago. The amendment introduces important changes in the area of online payments.
VAT: Do you know you should have known?
In their data boxes, selected VAT payers have recently received a notice whose purpose at first sight is not entirely clear. In the Notice on Taking Adequate Measures the tax administrator lists recommended preventive measures.
Are you renting out on Airbnb? Then you are liable to tax, says financial…
Accommodation providers using internet portals such as Airbnb should be on their guard. The General Financial Directorate’s Information published in October 2017 draws attention to tax obligations in this area, covering income taxes, value added tax…
GFD guideline on research and development
Case law of the Czech Supreme Administrative Court confirms that a flawless research and development project represents a necessary precondition for claiming a research and development deduction in a tax return. The General Financial Directorate …
“Perfect” documentation does not automatically guarantee deductibility for tax…
In its recent judgment (file no. 7 Afs 330/2016), the Supreme Administrative Court (SAC) again held that even an accounting document free of any formal deficiencies and containing all essential elements does not prove on its own that the declared…
CJEU again on conditions of exempt intra-community supplies of goods
In its ruling regarding intra-community supplies of goods, the Court of Justice of the European Union (CJEU) again confirmed the widely discussed possibility to attribute transport just to one supply within a chain of supplies. The ruling also…
Independent groups of persons and the financial sector
The end of September brought two ground-breaking rulings issued by the Court of Justice of the European Union (CJEU) that will significantly affect not only the financial sector. The CJEU judges finally provided their long-awaited answer to the…
Privacy for thieves
The Constitutional Court finally closed a lengthy dispute over the legality of publishing a thief’s photograph on a social network by the victim of the theft. However, the court did not deal with the details of the case, stating only that the…