Tax & Legal Update
Pillar Two: current status of exchange of information from GloBE Information Returns
In September, the Chamber of Deputies will continue debating the proposed amendment to the Act on International Cooperation in Tax Administration. Among other matters, the amendment sets out the conditions for the automatic exchange of information…
Senate returns EET 2.0 to deputies with amending proposals
Following its debate by the Senate, the EET 2.0 bill is returning to the Chamber of Deputies. Senators recommend several amendments, including removing non-cash payments from the electronic sales reporting and proposing changes to employee benefits.…
Financial Administration’s information on gratuitous supplies and opinion on right…
The Financial Administration has issued an updated version of its Information on the application of VAT to gratuitous supplies of goods. It clarifies the rules for determining the taxable amount (tax base) in the case of charitable donations of…
Reserve accounts for repairs of tangible assets under SAC scrutiny
In a recent judgment, the Supreme Administrative Court (SAC) commented on the conditions for the tax deductibility of provisions for repairs of tangible assets. In its decision, it followed existing case law and confirmed a strict approach to…
New EU rules for automotive industry
The European Union has approved a new regulation which will have a significant impact on the automotive industry. It changes the rules covering the entire life cycle of motor vehicles, from design through manufacturing and sale to environmentally…
New EU social security rules: what will employers need to change for cross-border…
The European Parliament has approved changes to the rules of coordinating social security within the EU for posted workers. The aim of the amendment is to respond to the increase in cross-border mobility, define more clearly mobile workers’ rights…
Supreme Administrative Court on proving right to deduct VAT on subcontracted supplies
Is an invoice and a contract enough to prove the right to deduct VAT? In its recent judgment, the Supreme Administrative Court (SAC) concluded that they are not. If the tax administrator challenges the scope or nature of the services received, the…
Supreme Administrative Court denies customs duty refund due to late filing
The deadline for applying for a customs duty refund is fixed. This was confirmed by a recent judgment of the Supreme Administrative Court (SAC), reminding importers that, in the event of disputes with suppliers, they must act in time.
European Commission proposes recast of DAC directives
At the end of June, the European Commission presented a proposal to recast the DAC directives. Alongside the Omnibus package, this is another legislative proposal aiming to reduce the administrative burden, make the rules clearer, and eliminate…
New grant opportunities for research, development and production of strategic…
The EU is placing increasing emphasis on the development of technologies that are crucial for its future competitiveness, safety and energy self-sufficiency. These are precisely the areas targeted by the STEP (Strategic Technologies for Europe…
Support for research and innovation in energy sector
The Technology Agency of the Czech Republic is preparing the fourth call under the THETA 2 programme, which focuses on supporting applied research and innovation in the energy sector. The aim is to support projects that will help bring modern, low…