Tax & Legal Update
Exemption of income from sale of crypto-assets approved by senate
On 22 January 2025, the senate passed a bill amending certain laws in connection with the implementation of EU regulations on the digitisation of the financial market and sustainability financing. This includes an amendment to the Income Tax Act…
First call under new subsidy programme: GREENGAS
Within its Modernisation Fund, the State Fund for the Environment has started to accept applications under GREENGAS Call No. 1/2024. This new subsidy programme supports the introduction and use of renewable gaseous and liquid fuels or raw materials.
Czech Republic granted qualified top-up tax status
On 15 January 2025, the OECD published a set of documents on the global minimum tax (Pillar 2). These documents include a record of countries with a qualified top-up tax status, a GloBE Information Return (GIR) form, a model Multilateral Agreement…
Subsidies for energy production from biomass
The Ministry of Industry and Trade in cooperation with the Agency for Enterprise and Innovation has started accepting applications for Call I - Renewable Energy Sources - Biomass. The aim of the call is to support the production of electricity and…
CJEU: Can VAT be deducted on unnecessary shared services
In Weatherford Atlas Gip SA (C-527/23), the Court of Justice of the European Union held that the tax authority cannot deny a VAT deduction solely on the grounds that the services purchased were not necessary or appropriate for the company’s economic…
Coordination Committee clarifies VAT treatment of employee benefits, leaves open…
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate recently discussed a paper on the VAT treatment of employee benefits and the symbolic payment for a taxable supply. The discussion conclusions confirmed…
First public call under new subsidy programme TWIST
In early December 2024, the Ministry of Industry and Trade announced the first public call under its new programme called TWIST, which supports the research and development of artificial intelligence.
Amendment to VAT Act in effect from new year
The amendment to the VAT Act introduces several key changes that will affect all VAT payers. Selected changes have a delayed effect - e.g., changes in immovable property will apply from 1 July 2025, while some changes in financial services will take…
Changes in employee taxation in 2025
With the new year come changes in employee taxation and social security and health insurance. Below, we present an overview of the most important issues.
Innovation Fund: subsidies for deployment of low-carbon and innovative technologies
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has announced new calls under the Innovation Fund to support the deployment of highly innovative and low-carbon technologies helping the transition to a low-carbon economy.
New ESPR regulation bans destruction of unsold clothes
The EU has introduced its new Ecodesign for Sustainable Products Regulation (ESPR) which applies to most products and aims to improve their sustainability and promote the circular economy. Below we summarise what exactly the regulation introduces…