Tax & Legal Update
How to apply VAT on selected passenger cars in 2024?
In mid-January, the General Financial Directorate (GFD) issued two information pieces on the practical application of changes to VAT from 2024. In this article, we focus on the Information on the VAT Deduction for Passenger Cars with a Purchase…
Practical information on changes to VAT rates
In mid-January, the General Financial Directorate (GFD) issued two pieces of information on the practical application of changes to VAT from 2024. In this article, we focus on the Information on VAT Rate Changes. Another piece, the GDF’s Information…
SAC on actual supplier of gas on virtual trading point
The Supreme Administrative Court (SAC) has dealt with a case of determining a gas supplier when trading in this commodity on a virtual trading point in Germany. The SAC confirmed that the supplier was the person that declared themselves as the…
Constitutional Court on concurrence of executive service agreement and employment…
The Constitutional Court confirmed that a management contract should be treated as an amendment to an executive service agreement subject to approval by the general meeting. If not approved, a usual remuneration shall be payable for the performance…
SAC’s landmark verdict on deadline for assessing tax
The extended chamber of the Supreme Administrative Court (SAC) has dealt with the conflict between the new and old legal regulation of tax assessment deadlines. The SAC opposes existing case law according to which the 10-year time limit for tax…
New call under TRANSPORT 2030 programme
The Technology Agency of the Czech Republic has announced the preliminary parameters of the second call for proposals under the Transport 2030 programme. You can get support for applied research and innovation in transport.
SAC on simultaneous technical improvement and repair of real property
In the tax administrator’s opinion, a company carrying out extensive structural modifications to a real property should treat all the work collectively as a technical improvement, and not part of it as repairs. The Supreme Administrative Court …
RSUs as employee remuneration option
Abroad, RSUs (restricted stock units) are a relatively common and effective tool for rewarding employees. They are becoming increasingly popular in the Czech Republic where, in a highly competitive labour market, retaining the best employees is a…
Jubilee for health insurance debtors
Another debt jubilee is being prepared, this time focusing on health insurance. A group of deputies has submitted to the chamber of deputies a bill on the extraordinary remission of penalties on public health insurance premiums, under which…
Czech Republic prolongs temporary protection and extends residence permits for …
The Ministry of the Interior has launched a system for the extension of temporary protection, allowing Ukrainian refugees to prolong their legal stay until 31 March 2025. At the beginning of the year, the range of residence permits that can be…
GFD Information on Application of VAT from January 2024
Last week, the General Financial Directorate published its Information on the Application of VAT on Selected Passenger Cars from 1 January 2024 and Information on Changes to VAT Rates from 1 January 2024. These documents should clarify several…