Tax & Legal Update
EU allows state aid for businesses affected by war
The war in Ukraine and the associated sanctions against Russia have hit the European economies hard. The European Commission has therefore adopted a Temporary Crisis Framework allowing member states to provide state aid to affected businesses to…
Are warranty-period repairs services provided for consideration?
In the Suzlon Wind Energy Portugal case (C-605/20), the Court of Justice of the European Union (CJEU) dealt with the issue of re-invoicing warranty repair costs.
Supreme Court on payment of advances for profit shares
In its recent judgment (No. 27 Cdo 3330/2020), the Supreme Court (SC) sheds light on the ambiguities concerning the payment of advances for shares in profit. Although the judgment concerns the Business Corporations Act as effective until 31 December…
What constitutes a tax inspection?
Recently, the Supreme Administrative Court (SAC) repeatedly commented on which tax administration procedures should be regarded as a tax inspection. The court’s answers may have a major impact on the success or failure of tax proceedings. The court…
How to respond to inaction by tax administrator?
Proceedings before the tax authorities often take longer than taxpayers would like. However, like all proceedings before public administration authorities, these proceedings are subject to certain rules. In relation to tax proceedings, the Ministry…
One-stop-shop and VAT in the digital age
The Council of the EU and the European Commission are preparing further steps on VAT to simplify cross-border transactions and the import of goods into the EU for end consumers. The digitisation of VAT reports, electronic invoicing and harmonisation…
Implementation of the directive on digitalisation in company law
Following the EU Digitalisation Directive, the chamber of deputies is currently debating a bill to amend corporate law legislation. The main aim of the new legislation is to simplify and speed up the establishment of corporations, and to strengthen…
Telemarketing only with consent
Call centre operators wanting to pass on marketing messages have less than three months left to call people on phone numbers in public telephone directories. This option will end on 1 July 2022; after then, people can only be contacted via such…
What evidence to keep should tax authority come knocking?
By the time the tax authority arrives, it may be too late to think about what documents the taxpayer should have kept. Hence, let's look at the specific evidence that the tax authority may require during various tax inspections, as there are…
TREND programme announces two more calls
The Technology Agency of the Czech Republic (TA CR) has published the preliminary parameters of the 6th and 7th public call to participate in the TREND programme focusing on providing support to industrial research and experimental development. The…
First call under National Recovery Plan
The Ministry of Industry and Trade has announced the first call under the National Recovery Plan. The aim of the Photovoltaic systems with/without accumulation call is to support projects that will increase the installed capacity of photovoltaic…
Leaseback: change in VAT treatment
Within the Coordination Committee of the Czech Chamber of Tax Advisors and the General Financial Directorate, the financial administration confirmed that they will start applying the Court of Justice of the European Union’s interpretation to…