Tax & Legal Update
CJEU on the VAT treatment of electricity supplies from charging stations
In its recent judgment, the Court of Justice of the European Union (CJEU) held that the charging of electric vehicles and the provision of related services constitute a complex transaction consisting of a supply of goods.
Obligatory digital billing starting next year?
If the EU directive titled VAT in the Digital Age (ViDA) passes, taxpayers will have to cope with the digital reporting requirement. Member states then may impose an electronic invoicing obligation effective 1 January 2024.
General corporate loyalty principle in practice
Courts often deal with the issue of due managerial care. Persons and entities are obliged to act as a proper manager when managing a company's financial affairs. Less often, higher courts also deal with the principle of general corporate loyalty.
What will the new whistleblowing law bring and why does it not protect anonymous…
The whistleblower protection bill has passed the senate and is now heading to the president. Its effective date is expected at the end of the summer. The bill implements the EU directive on the protection of persons who report breaches of law at the…
Czechia introducing deposit for PET bottles and cans
The Ministry of the Environment is preparing an amendment to the Packaging Act introducing a deposit-refund system for metal and PET drink containers. What will the system look like in the Czech Republic?
What interest to claim from tax administrator?
In the administration of taxes, situations may arise in which funds are withheld (whether legitimately or unlawfully) from taxpayers that would otherwise be available to them for their business activities. What types of interest can taxpayers claim…
Capping energy prices: tips and experience
Large enterprises with capped energy prices have completed their first evaluations and submitted their reports on the assessment of financial benefits. We summarise our experience with the Ministry of Industry and Trade’s Agenda Information System …
Implementation of minimum tax in Czech Republic: Who will be affected by top-up tax?
A bill published by the Ministry of Finance introduces a top-up tax for taxable periods starting from 31 December 2023. The top-up tax with a rate equal to the difference between 15% and the specifically calculated effective tax rate will apply to…
Construction industry: changes to VAT from July
In connection with the amendment to the Construction Act, an amendment to the VAT Act changes the definition of family houses and apartment buildings, which will have a broader definition from 1 July 2023. Accordingly, the General Financial…
Consolidation package II: Changes to personal income tax and social security
Major changes in tax and social security and health insurance premiums are to affect not just companies, but also employees and workers. The abolition or reduction of personal income tax reliefs is being prepared, as well as changes in statutory…
Consolidation package I: Overview of main changes in taxation
Major changes in tax and social security and health insurance premiums are to affect not just companies, but also employees and workers. The abolition or reduction of personal income tax reliefs is being prepared, as well as changes in statutory…