Tax & Legal Update
May tax administrator request information about movement of vehicles from traffic…
The Supreme Administrative Court (SAC) has confirmed that tax administrators may for tax purposes request from the Police of the Czech Republic information on the movement of particular motor vehicles processed within the automatic vehicle detection…
Beneficial owner registration: a game-changing amendment enters into effect in…
From 1 June 2021, the Beneficial Owner Registration Act following from the V. AML Directive has brought fundamental changes to the registration of beneficial owners in the Czech Republic, making life difficult for numerous companies and other…
Compensation for work accidents and occupational diseases to increase from September
The high inflation of recent months has affected the compensation provided to employees for accidents at work and occupational diseases. From September, such compensation is to be further valorised, primarily for the benefit of employees.
Long-awaited first calls under OP TAC
On 1 September 2022, the new Operational Programme Technology and Application for Competitiveness (OP TAC) started accepting applications for the Application, Innovation, and Energy Savings programmes. The Application and Energy Savings programmes…
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…