Tax & Legal Update
VAT after Brexit deal
On Christmas Eve, after lengthy negotiations that were very tense up to the last moment, the UK finally struck an agreement on its future relationship with the EU. For EU companies, this means that preparations made so far will not be wasted. Below…
The Office for Personal Data Protection advises data controllers on personal data…
The General Data Protection Regulation (GDPR) has introduced a new obligation for data controllers: to carry out a data protection impact assessment (DPIA). The obligation concerns the processing of data that involves a high risk of impacting the…
Losing Antivirus contributions owing to formal errors
The Antivirus Programme is considered one of the most successful and best performing support programmes that the government introduced during the pandemic. According to statistics published by the Ministry of Labour and Social Affairs at the end of…
VAT stated in a tax document for a fictitious transaction must be paid
In 8 Afs 21/2014-30 case, the Supreme Administrative Court (SAC) corrected the regional court’s interpretation of Section 108(4)(f) of the VAT Act. The provision stipulates that the person issuing a tax document indicating tax is also obliged to…
Prevention of double taxation: SAC deals with mutual agreement procedure between…
The Supreme Administrative Court (SAC) has held that it is not for a court to determine whether any agreement concluded with another contracting state under a double tax treaty is invalid.
What will 2021 bring for employers in terms of labour and foreigners’ law?
For employers, the past year has been one of the most turbulent in modern Czech history in terms of the number of legislative changes adopted. New regulations relating to the coronavirus pandemic were being adopted non-stop, and literally amended on…
Opportunities for subsidies in 2021
Below we provide up-to-date information on subsidy programmes available in 2021. The Technology Agency of the Czech Republic (TA CR) has clarified the conditions for participating in the TREND programme, while a new call focusing on energy savings…
Coordination Committee: correction of tax base for bad debts – knowledge test
The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors of the Czech Republic has finalised its discussion paper concerning the ‘knowledge test’, i.e. whether a creditor knew, should, or could have known at…
The GFD issues additional information on reporting under DAC 6
The General Financial Directorate (GFD) has published a list of questions and answers on the new obligation to report cross-border arrangements (DAC 6 reporting).
VAT on the lease of real estate
On 1 January 2021, a provision of the VAT Act restricting the option to tax leases of selected real estate entered into effect. At the end of 2020, the General Financial Directorate (GFD) issued information to ensure a better understanding of the…
New Year with the new Tax Procedure Code!
The amendment is relatively extensive, thus affecting the lives of all taxpayers. The main areas concern: the possibilities for using tax information mailboxes; changes in deadlines for filing tax returns; a revision of the sanction and penalty…
What’s new in tax for employers and employees in 2021?
The most crucial changes undoubtedly are the abolition of the super-gross wage and the solidarity tax surcharge and the introduction of progressive taxation using two rates, 15% and 23%, the second one applicable to income exceeding the set…