Tax & Legal Update
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…
VAT upon incorrect classification of intra-community supplies in chain transactions
In Polish case C-696/20 B., the CJEU ruled on whether a VAT payer involved in a chain transaction may be required to pay VAT on both the supply and the acquisition of goods. In its opinion, the CJEU recalled that the purpose of Article 41 of the VAT…
Promotion of corporate circular economy solutions
On 20 July 2022, the Ministry of Industry and Trade announced the first call for support for the circular economy under the National Recovery Plan. The programme is designed to accelerate the transition to a circular economy.
Controversial issues of claiming R&D allowance
On 22 June 2022, the Supreme Administrative Court (SAC) issued an interesting judgment dealing with the application of a research and development allowance. The SAC commented on two controversial issues: the concurrence of receiving a subsidy and…