Tax & Legal Update
What constitutes a tax inspection?
Recently, the Supreme Administrative Court (SAC) repeatedly commented on which tax administration procedures should be regarded as a tax inspection. The court’s answers may have a major impact on the success or failure of tax proceedings. The court…
How to respond to inaction by tax administrator?
Proceedings before the tax authorities often take longer than taxpayers would like. However, like all proceedings before public administration authorities, these proceedings are subject to certain rules. In relation to tax proceedings, the Ministry…
One-stop-shop and VAT in the digital age
The Council of the EU and the European Commission are preparing further steps on VAT to simplify cross-border transactions and the import of goods into the EU for end consumers. The digitisation of VAT reports, electronic invoicing and harmonisation…
Implementation of the directive on digitalisation in company law
Following the EU Digitalisation Directive, the chamber of deputies is currently debating a bill to amend corporate law legislation. The main aim of the new legislation is to simplify and speed up the establishment of corporations, and to strengthen…
Telemarketing only with consent
Call centre operators wanting to pass on marketing messages have less than three months left to call people on phone numbers in public telephone directories. This option will end on 1 July 2022; after then, people can only be contacted via such…
What evidence to keep should tax authority come knocking?
By the time the tax authority arrives, it may be too late to think about what documents the taxpayer should have kept. Hence, let's look at the specific evidence that the tax authority may require during various tax inspections, as there are…
TREND programme announces two more calls
The Technology Agency of the Czech Republic (TA CR) has published the preliminary parameters of the 6th and 7th public call to participate in the TREND programme focusing on providing support to industrial research and experimental development. The…
First call under National Recovery Plan
The Ministry of Industry and Trade has announced the first call under the National Recovery Plan. The aim of the Photovoltaic systems with/without accumulation call is to support projects that will increase the installed capacity of photovoltaic…
Leaseback: change in VAT treatment
Within the Coordination Committee of the Czech Chamber of Tax Advisors and the General Financial Directorate, the financial administration confirmed that they will start applying the Court of Justice of the European Union’s interpretation to…
Fall of Sberbank and guidelines for public procurers
The collapse of Russian Sberbank must also be dealt with by public procurers who have been using its services. It is not always necessary to conclude new banking contracts (e.g., credit or current accounts) via a procurement procedure: the law also…
Czech response to arrival of Ukrainian refugees – three new laws
The ongoing Russian invasion of Ukraine has caused an unprecedented influx of refugees seeking shelter and safety in the Czech Republic. Czech legislation was not prepared for such a situation: although authorities managed to respond quickly and…
Donations to Ukraine: Does VAT obligation arise?
The General Financial Directorate has issued summary information on VAT implications of making donations to support Ukraine. While for income tax, Czech laws can be amended to respond flexibly, the situation is rather more complicated for VAT, as…