Tax & Legal Update
Constitutional Court strengthens legal entities’ right to reputation protection
In its recent ruling, the Constitutional Court significantly strengthened the protection of reputation for legal entities. In the event of unlawful interference with their reputation, legal entities may now seek adequate satisfaction for non…
Anti-Trust Office hands out million-crown fines: How to avoid problems with supplier…
In the past year, the Office for the Protection of Competition conducted numerous on-site investigations concerning significant market power, involving e.g., hotel restaurants, wholesalers, and non-food e-shops. The office focused on whether they…
Lex Ukraine retains tax relief for donations
A draft amendment to Act No. 65/2022 Coll., on certain measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the Russian Federation, has passed the senate and is now heading for the president's…
Amendment to Lex Ukraine headed to president for signature
The senate has passed an amendment to the law allowing the extension of the temporary protection of Ukrainian citizens. Some of them will also qualify for special long-term residence permit. The amendment, also known as "Lex Ukraine VII", contains…
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.