Tax & Legal Update
Employment of foreigners from third countries to undergo further changes
Effective 1 July 2024, the Employment Act will undergo significant changes which will affect foreigners from countries outside the European Union without free access to the labour market. Specifically, processes relating to the reporting of job…
Fraudulently issued invoices: who pays VAT?
The Court of Justice of the European Union (CJEU) commented on who is considered a person liable to pay tax for invoices fraudulently issued by a company’s employee.
Non-performing loans – regulation of credit purchasers and servicers
Following the EU directive, a new law on the non-performing loan market was passed, regulating the credit trading and servicing sector. Collection agencies will be required to obtain a licence and will be subject to supervision by the Czech National…
Major amendment to Code of Administrative Justice – evolution or revolution?
After more than twenty years, the Code of Administrative Justice is about to undergo a significant amendment to reflect the decision-making practice of the Supreme Administrative Court (SAC), and to overcome or eliminate the shortcomings of previous…
Electromobility support now available
On 18 March 2024, the National Development Bank in cooperation with the Ministry of Industry and Trade started accepting applications for support in Call I - Electromobility Guarantee announced under the National Recovery Plan.
Applications for photovoltaic power plant subsidies now accepted
Since 1 March 2024, it has been possible to apply for support for the installation of photovoltaic power plants (PV plants) under the RES+ No. 1/2024 - Photovoltaic Power Plants 10 kW - 5 MW for Self-Consumption call announced under the…
New case law on interest on loans against taxpayers
At the beginning of 2024, the Supreme Administrative Court (SAC) issued two judgments concerning interest income and expense on loans from a corporate income tax perspective. In the first judgment, the SAC addressed the tax deductibility of costs…
Details of 2025 amendment to VAT Act - Part II
Below, we continue with an overview of the most important changes brought by the draft amendment to the Value Added Tax Act, this time focusing on the construction sector, in particular on changes in definitions, alterations in conditions for the…
Tax administration principles: responsiveness and decency in tax proceedings
Following the principle of responsiveness and decency, tax administrators should try to accommodate persons involved in tax administration. At the same time, both parties to the proceedings should avoid any impoliteness or indecency. Is this…
Changes in employment of persons with disabilities underway
The Ministry of Labour and Social Affairs has submitted a legislative proposal for changes concerning the employment of persons with disabilities. The amendment to the Employment Act contains new conditions for the payment of an allowance to support…
SAC on beneficial ownership of royalties
A recent Supreme Administrative Court (SAC) judgment dealt with beneficial ownership in the context of licensing agreements. In its decision, the SAC emphasised that an entity who is unable to freely decide on the use of collected royalty payments…