Tax & Legal Update
Digitisation of Schengen visas receives green light
On 13 November 2023, the Council of the EU adopted rules for the digitisation of processes related to the issuing of short-stay or Schengen visas. What changes will this bring?
Consumer credit: new obligations for providers and new rights for consumers
In October, the EU directive on credit agreements for consumers entered into force, replacing the previous directive from 2008. The need for new consumer credit legislation arose due to rapid technological developments and the ongoing digitisation…
Development of administrative practice in VAT treatment of fuel cards
The application of VAT on fuel cards has been a highly scrutinised topic. Fuel cards are often used by vehicle operators for refuelling. In September this year, the VAT Committee issued new guidance after re-visiting the EU Court of Justice's ruling…
Registration in central CBAM registry launched
The carbon tariff (CBAM Directive) is a much talked about topic, especially now at the turn of the year. The directive entered into force on 1 October 2023, starting the transitional period that ends at the end of 2025. The Czech Republic has…
Notification obligations for parties to mergers and procurement procedures
Until recently, EU state aid rules regulated only subsidies granted by EU member states. Subsidies from third countries were not regulated, which gave their recipients an advantage over other operators on the EU market. This is now to be prevented…
Tax administration principles: legality, legal licence, and self-restraint and…
In October's Tax and Legal Update we covered the basic principles of tax administration and why it pays to know them. Today we look in more detail at the principle of legality, the principle of legal licence, and the principle of self-restraint and…
Chamber of deputies approves long-term investment product
In its third reading, the chamber of deputies has approved a bill on the development of the financial market and the promotion of old-age security, which, among other things, introduces a long-term investment product as a new tax-efficient old-age…
CJEU on gifts provided with magazine subscription
The Court of Justice of the European Union has ruled in the case of a Portuguese publisher that gifts provided with a magazine subscription constitute an ancillary supply accompanying the main supply. The gift must thus follow the tax treatment of…
SAC comments on VAT deduction on anti-radar and GPS logbooks
The Supreme Administrative Court upheld the tax administrator's opinion and disallowed the VAT deduction on the purchase of anti-radar equipment, as it was not used for economic activity and did not protect the taxpayer's property. The SAC also…
New developments in investment incentive legislation
The senate has approved an amendment to the Investment Incentives Act that should simplify and speed up the investment incentive approval process. A related government decree that changes the permissible level of public aid in the regions of…
SAC: transfer of technical improvement after lease end regarded as service from VAT…
The Supreme Administrative Court (SAC) ruled on the question whether the transfer of technical improvements (carried out by a lessee at their own expense) to the lessor for compensation at the termination of the lease constitutes a service from the…