Tax & Legal Update
GFD’s new information on reporting obligation under DAC 6: practical part
The General Financial Directorate (GFD) has published a new list of questions and answers on the reporting obligation for cross-border arrangements (DAC 6 reporting). Below we summarise the most relevant information from the practical part of these…
2024 VAT Act amendment: notification obligation for payment providers
The draft amendment to the VAT Act that should enter into force on 1 January 2024 introduces a new notification obligation for payment service providers regarding payments abroad. The obligation is based on changes to EU legislation establishing…
2021 as seen by financial administration
The yearbook titled Information on the Financial Administration's Activity once again provides interesting insight into the activities of the tax authorities. Did you know that the number of completed procedures to remove doubt and tax inspections…
Even the tax authority must meet deadlines
Not only taxpayers but also tax administrators must keep an eye on deadlines. There are lapse periods, after which it is no longer possible to take action and decisions issued by the tax administrator after the expiry of such time limits are…
New calls to support photovoltaic power plants
On 30 June 2022, the Ministry of Environment announced two calls from the Modernisation Fund under the RES+ programme to support renewable energy sources. Both calls aim to support the installation of photovoltaic power plants
New company car taxation rules in effect from July
The GFD has issued Information for Payers of Income Tax on Employment relating to the Amendment to the Income Tax Act effective from 1 July 2022, which concerns employee non-monetary income in form of the free-of-charge provision of a motor vehicle…
Discount on social security contributions for part-time employees
From 1 February 2023, an amendment to the Act on Social Security and State Employment Policy Contributions will allow employers to apply a discount on insurance premiums for selected employees in part-time employment or service relationships. The…
Standard VAT rate confirmed for take-back of electrical equipment
The Coordination Committee of the General Financial Directorate (GFD) and the Chamber of Tax Advisors has concluded that the current practice of applying the standard VAT rate to the take-back of electrical equipment and related services shall…
GFD releasing new information on reporting obligation under DAC 6
The General Financial Directorate (GFD) has published a new list of questions and answers on the obligation to report cross-border arrangements (reporting under DAC 6), which complements the December 2020 document and sheds new light on this…
Prepare for EU legislation on working conditions
It is no news that the Czech Republic is now in delay with the implementation of several EU regulations. Employers should pay particular attention to the directive on transparent and predictable working conditions and the directive on work-life…
Women on Boards: quotas to increase gender balance in corporations
After almost a decade of debate on the EU platform, a provisional political agreement has been reached on a proposal for a directive to promote a more balanced gender representation on corporate boards.
Months of uncertainty end: SC unifies interpretation of ‘unseizable amount’
Early this year, legislators quite exceptionally increased the normative monthly housing costs for 2022. These are usually updated annually to correspond to housing prices; for 2022 however, they were increased for the second time in response to…