Tax & Legal Update
CJEU: Supplies between head office as part of VAT group and foreign branch subject…
The Court of Justice of the European Union (CJEU) issued its long-awaited decision in the Danske Bank case (C812/19) and clarified the relationship between a foreign branch and its head office that is part of a VAT group. Six and a half years after…
Is additional tax assessment due to VAT fraud reason enough not to waive penalties?
If the tax administrator concludes that a VAT payer has even indirectly been involved in VAT fraud (typically, by having accepted a delivery affected by fraud), the entitlement to VAT deduction will be withheld from the payer. The payment of…
Preferential tax treatment is illegal public aid, even FC Barcelona will feel it
The Court of Justice of the EU (CJEU) has finally closed a long-standing dispute over the preferential tax treatment of the largest football clubs in Spain. The conclusion is unforgiving: FC Barcelona, FC Real Madrid and other clubs will have to pay…
European financial transaction tax back on the table
Portugal is trying to reopen in the Council the debate on the proposal for a financial transaction tax at the EU level. The debate should focus on setting the conditions of taxation and avoid political issues.
EU introduces stricter controls of goods on import
Importers of goods into the EU should beware. From 15 March 2021, Release 1 of ICS2 – a new electronic system for controlling imports of goods into the EU – is underway. ICS2 will contribute to increasing the effectiveness of customs controls,…
Census obligatory for Czechs and foreigners
On Saturday, 27 March, the 2021 Population and Housing Census began, for the first time in history offering the possibility of online participation. Whom does it concern, what obligations does it involve and what should be watched out for?
Concluding contracts between single-member companies and their members
In small, single-member companies, the member is usually closely involved in the company's activities and its management, therefore often holding the office of the statutory body. Sometimes, the sole member who represents the company as its…
Representation of limited liability company by statutory representatives and its…
When founding and operating a limited liability company, its members usually deal with the issue of setting up its corporate governance and defining the powers of the statutory representatives (executives). In this article, we will present the…
OP EIC – new calls for summer 2021
Last calls under the popular Potential, Application and Innovation – Innovation Project programmes are to be announced under the Operational Programme Enterprise and Innovation for Competitiveness (OP EIC) that is slowly drawing to an end.
Modernisation Fund – new environmental support
The Modernisation Fund as a new EU programme for 2021–2030 provides support for investments to modernise energy systems, improve energy efficiency and use renewable resources.
Another call under TREND
The Technology Agency of the Czech Republic has announced the fourth call to participate in the TREND programme – Sub-Programme 2 – Newcomers.
2021 amendment to VAT Act: platforms and One-Stop-Shops
A draft amendment to the VAT Act, to enter into effect on 1 July 2021, introduces the deemed supplier concept for electronic interface operators (platforms). This concept should be applied when a platform facilitates certain distance sales of goods…