Interest on retained excess VAT deductions: SAC clarifies practice

In its current judgment, the Supreme Administrative Court (SAC) revisited the topic of interest on retained excess VAT deductions. This time, the court declared unlawful the practice whereby as of 1 July 2017 the tax administrator reduced the…

SAC paves way for assessment of additional tax on transactions with unrelated parties

The Supreme Administrative Court has opened transfer pricing’s Pandora's box by allowing tax administrators to assess additional tax based on overall profitability not just for related-party transactions, but also for transactions with unrelated…

Fourth call to TRANSPORT 2020+

On 6 April 2022, the Technology Agency of the Czech Republic announced the fourth call to participate in the TRANSPORT 2020+ programme.

TREND programme announces two more calls

The Technology Agency of the Czech Republic (TA CR) has published the preliminary parameters of the 6th and 7th public call to participate in the TREND programme focusing on providing support to industrial research and experimental development. The…

Donations to Ukraine: Does VAT obligation arise?

The General Financial Directorate has issued summary information on VAT implications of making donations to support Ukraine. While for income tax, Czech laws can be amended to respond flexibly, the situation is rather more complicated for VAT, as…

Practical commentary on legislation concerning refugees from Ukraine

In connection with the Russian invasion of Ukraine, three laws were published in the Collection of Laws on 21 March, regulating the residence, employment, benefits, and education of Ukrainian refugees. From a practical point of view, what must they…

What constitutes a tax inspection?

Recently, the Supreme Administrative Court (SAC) repeatedly commented on which tax administration procedures should be regarded as a tax inspection. The court’s answers may have a major impact on the success or failure of tax proceedings. The court…

What evidence to keep should tax authority come knocking?

By the time the tax authority arrives, it may be too late to think about what documents the taxpayer should have kept. Hence, let's look at the specific evidence that the tax authority may require during various tax inspections, as there are…

Czech response to arrival of Ukrainian refugees – three new laws

The ongoing Russian invasion of Ukraine has caused an unprecedented influx of refugees seeking shelter and safety in the Czech Republic. Czech legislation was not prepared for such a situation: although authorities managed to respond quickly and…

Supreme Court on payment of advances for profit shares

In its recent judgment (No. 27 Cdo 3330/2020), the Supreme Court (SC) sheds light on the ambiguities concerning the payment of advances for shares in profit. Although the judgment concerns the Business Corporations Act as effective until 31 December…

Telemarketing only with consent

Call centre operators wanting to pass on marketing messages have less than three months left to call people on phone numbers in public telephone directories. This option will end on 1 July 2022; after then, people can only be contacted via such…

Fall of Sberbank and guidelines for public procurers

The collapse of Russian Sberbank must also be dealt with by public procurers who have been using its services. It is not always necessary to conclude new banking contracts (e.g., credit or current accounts) via a procurement procedure: the law also…