Tax & Legal Update
Single environmental opinion: small step towards more straightforward construction…
The permitting of projects under environmental regulations will soon be easier, which may also accelerate construction proceedings. These changes will come about through a single environmental opinion (jednotné enviromentální stanovisko, or JES).
DSA not just for big players
From 25 August 2023, large companies such as Google, Facebook, and LinkedIn must comply with new rules for handling illegal content and using targeted advertising. The rules are part of the EU's Digital Services Regulation known as the Digital…
GDPR: personal data can again flow freely from EU to US
In July, the European Commission adopted a key decision establishing the EU-US Data Privacy Framework. Its main aim is to ensure that personal data flowing into the US are protected in a way that is comparable to that guaranteed by EU countries. The…
CJEU issues another judgment on fixed establishments for VAT purposes
The Court of Justice of the European Union (CJEU) has held that where a customer receives services based on an exclusive contract for the provision of services in a state other than the state in which their business is located, the resources of the…
Subsidies for large enterprises: what to expect
So far, 2023 has not been as rich in subsidy programmes for large enterprises as previous years. By the end of the year, however, several interesting calls also available to large enterprises will be announced. Below is an overview.
How to receive a grant to build research and innovation infrastructure?
Are you planning to build development infrastructure that can be shared with other businesses or universities? Then you may be interested in Call I of the Infrastructure Services programme under the OP TAC announced by the Ministry of Industry and…
GFD extends range of goods donations subject to VAT on minimum value
The General Financial Directorate (GFD) has issued its long-awaited Information on the Application of VAT on Gratuitous Supplies of Goods. It will now be possible to donate perishable food and non-food goods with a minimum expiry date under more…
Czech Republic opening up to digital nomads
On 1 July 2023, the government launched Digital Nomad, its new economic migration programme. The programme is intended to facilitate the stay of IT professionals and their family members from selected countries in the Czech Republic.
How long can tax administrators review the correctness of declared tax?
Imagine this scenario: The tax authority found certain discrepancies in your tax return. There is a risk that the asserted tax could be increased. But the inspection is dragging on for years with no end in sight. How long can the tax authority…
Preventive restructuring – a new solution for companies in financial difficulties
In August, the senate approved a bill on preventive restructuring. It aims to help entrepreneurs avoid bankruptcy and enable them to deal with serious financial difficulties promptly and without public involvement.
Possibility to keep accounts in foreign currency now part of consolidation package
The governing coalition has agreed on amendments to the bill on the consolidation of public budgets (the consolidation package planned to enter into effect from 1 January 2024). The bill has already passed the first reading in the chamber of…
Summer subsidy news
In July, the Ministry of Industry and Trade (MIT) informed about the early termination of the receipt of applications to participate in Call I of the Energy Savings programme. The expected Infrastructure Services call designed to support the…