Tax & Legal Update
Change in depreciation of photovoltaic power plants awaits approval
The amendment to the Energy Act also includes an amendment to the Income Tax Act, specifically a change in the depreciation of photovoltaic power plants. The amendment proposes to abolish the special method of depreciation of photovoltaic power…
Riskiest systems stopped: AI Act in effect
As of August 2024, the EU Regulation laying down harmonised rules on artificial intelligence (the AI Act) has been in force. A first wave of effects has arrived, as from 2 February 2025 the regulation bans the use of certain AI systems that the…
Fuel cards and VAT: What does new GFD’s information contain?
At the end of last year, the General Financial Directorate (GFD) issued long-awaited information on fuel cards following the much-discussed CJEU judgment of May 2019 in the Vega International Car Transport and Logistic case and the conclusions of…
Czech companies at start of Ukraine's recovery
The EU Ukraine Facility, implemented in cooperation with the National Development Bank (NDB), provides Czech companies with the opportunity to participate in the reconstruction and recovery of post-war Ukraine and offers loan guarantees and…
E-invoicing has green light in Germany
From 1 January 2025, companies established in Germany are obliged to use electronic invoicing for all transactions between local business partners. This makes Germany the first country to introduce e-invoicing under the approved VAT in the Digital…
Trump tightens US immigration policy. Will Czech visa applicants be affected?
On 20 January 2025, just hours after taking the oath of office, US President Donald Trump issued six executive orders covering various areas of immigration policy. These orders, already announced during his election campaign, are intended to…
Tax administration principles: procedural equality, cooperation, and instruction
Three principles play a key role in the tax system: the principles of procedural equality, cooperation, and instruction. What do they ensure? With this article, we conclude our year-long series presenting to you the various principles of tax…
Constitutional Court strengthens legal entities’ right to reputation protection
In its recent ruling, the Constitutional Court significantly strengthened the protection of reputation for legal entities. In the event of unlawful interference with their reputation, legal entities may now seek adequate satisfaction for non…
Anti-Trust Office hands out million-crown fines: How to avoid problems with supplier…
In the past year, the Office for the Protection of Competition conducted numerous on-site investigations concerning significant market power, involving e.g., hotel restaurants, wholesalers, and non-food e-shops. The office focused on whether they…
Lex Ukraine retains tax relief for donations
A draft amendment to Act No. 65/2022 Coll., on certain measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the Russian Federation, has passed the senate and is now heading for the president's…
Amendment to Lex Ukraine headed to president for signature
The senate has passed an amendment to the law allowing the extension of the temporary protection of Ukrainian citizens. Some of them will also qualify for special long-term residence permit. The amendment, also known as "Lex Ukraine VII", contains…