Tax & Legal Update
Accompanying law to JMHZ brings changes to R&D allowances
The entry into force of the new law accompanying Single Monthly Employer Reporting (in Czech Jednotné měsíční hlášení zaměstnavatele or JMHZ) will introduce changes to the administration agenda of employers and to the Income Tax Act. Particularly…
Financial administration’s view of 2024
The annual Report on the Activities of the Financial and Customs Administration provides an overview of the results of tax and customs administration for the past year.
Pre-school and school fees as employee benefits
We are continuing our series of articles focusing on the introduction of Single Monthly Employer Reporting (in Czech Jednotné měsíční hlášení zaměstnavatele or JMHZ) from the perspective of selected employee benefits that may be subject to JMHZ.…
A digital system for EU travel finally in sight
At the end of July, the European Commission announced that the Entry/Exit System (EES) for the tracking and registration of foreigners travelling to the Schengen Area will begin its implementation on 12 October 2025.
Czech top-up tax: senate approves extension of deadlines
The senate has discussed and approved an amendment to the Act on Top-Up Taxes that extends the deadlines for the first-time filing of Czech top-up tax information returns and tax returns. The amendment was forwarded to the president for signature,…
EU: new rules to simplify collection of VAT on imports
The Council of the European Union has adopted new rules to simplify the process of collecting value added tax on imports of goods. The change shifts the obligation to pay VAT on EU imports from the consumer to the supplier. The aim is to encourage…
EU-US trade deal : lower tariffs and cooperation in energy sector
On 27 July, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed on key parameters of future trade relations. This agreement should be the first step in a process that will be further expanded and continue to…
Emails need not be signed with guaranteed electronic signature
Is it necessary for emails to bear a guaranteed electronic signature or is it sufficient if only an attached submission bears such a signature? The Constitutional Court opted for the latter and thereby further relaxed the rules of electronic…
Contractual autonomy: Can expert determine discount on purchase price?
Can contracting parties agree that a discount on a purchase price shall be determined by an expert? This question was recently addressed by the Supreme Court of the Czech Republic. In the article below, read how the court ruled and what it means for…
Public country-by-country reporting quickly approaching - Czech companies running…
Major Czech corporate groups and Czech companies operating within large multinational corporate groups are facing a new challenge. They will have to disclose sensitive financial information under the EU Directive 2021/2101 as early as 2025. Until…
Changes to tax depreciation of photovoltaic power plants
In connection with the amendment to the Energy Act, changes have been made to the tax depreciation of photovoltaic power plants. On 1 August 2025, the special method of depreciating these plants or their technological parts under the Income Tax Act…