Tax & Legal Update
CJEU: Electricity is commodity
The Court of Justice of the EU (CJEU) has ruled that a German company must charge Swedish VAT on supplies of electricity at charging stations in Sweden. The judgement provides clear rules for the taxation of electricity and highlights differences…
CJEU: VAT deduction on assets provided to suppliers free of charge
The Court of Justice of the EU (CJEU) has ruled in favour of the taxpayer in a dispute between an Austrian company and the Romanian tax authority over the deduction of VAT on an asset provided to a subcontractor. The tax authority had challenged the…
Flood 2024 programme: support for businesses through contributions for wage expenses
For businesses affected by this year’s floods, the government has approved the provision of support through contributions for wage expenses. The contributions will be provided under the Flood 2024 programme launched by the Ministry of Labour and…
Sale and exchange of crypto-assets: proposed exemption from personal income tax
The chamber of deputies is currently discussing a bill amending certain laws in connection with the implementation of EU regulations on the digitisation of the financial market and sustainability financing (Print 694). During the second reading, a…
Forms of R&D support available in the Czech Republic
Research and development (R&D) are key factors for economic growth and competitiveness. In the Czech Republic, support for R&D is one of the objectives of its subsidy policy that aims to foster innovation and technological progress. Support is…
Procedural options for flood-affected taxpayers
All tax relief options contained in the Czech Financial Administration’s notice in response to the recent flooding have been summarised in a recent article. In this issue, we thus focus on the procedural options open to taxpayers affected by this…
CJEU on possibility of refunding VAT incorrectly invoiced and paid
In its judgment, the Court of Justice of the European Union (CJEU) held that VAT invoiced and paid incorrectly/without justification can only be refunded to the supply recipient if the VAT cannot be recovered from the supplier.
Planned Slovak VAT innovations
The Slovak Ministry of Finance has prepared a draft amendment to the VAT Act. The amendment should enter into force on 1 January 2025 (some parts on 1 July 2025). The most important changes are summarised in this article.
New rules for fleet insurance and its intermediaries
Responding to the judgment of the Court of Justice of the European Union (CJEU) in case C-633/20 TC Medical Air Ambulance Agency, which dealt with the interpretation of the term ‘insurance mediation,’ the Czech Chamber of Deputies is currently…
pCbCR: administrative burden or shift towards tax transparency?
Public country-by-country reporting is another of a range of obligations aimed at increasing transparency in the taxation of multinational companies and preventing profit shifting to countries with lower tax rates. Selected multinational companies…
VAT on sale of building land to related party
The Supreme Administrative Court (SAC) dealt with a dispute over the tax liability arising from the sale of land between a company and its sole owner and director/statutory representative. The company regarded the sale as an exempt transaction. The…