Tax & Legal Update

Brexit: What happens if UK leaves the EU with no deal?

In mid-July, the UK government published more than a hundred-page-long document called the UK-EU Future Relationship White Paper, providing information on how the relationships between the UK and the EU should look like with respect to the economy,…

American import duties: a trade war and accumulating WTO complaints

A few months have passed since the USA introduced duties on the imports of steel, aluminium, solar panels and washing machines. Currently, no end is in sight for one of the modern history’s greatest trade conflicts. The number of import duties is…

To what extent may the rights of members of limited liability companies be…

The Chamber of Deputies is currently discussing an amendment to the Act on Corporations. Below we present a summary of the amendment’s changes relating to the types of ownership interests in limited liability companies.

Quicker construction of motorways and other key infrastructure, at last?

An amendment to the Act on Accelerating the Construction of Transport, Water, Energy and Electronic Communication Infrastructure (No. 169/2018 Coll.) entered into effect on 31 August 2018. It primarily deals with the backbone motorway network, main…

New double taxation treaty with Korea introducing substantial changes

In Seoul in January 2018, the Czech Republic and Korea signed a double taxation treaty, replacing a document from 1992 no longer meeting current tax and economic requirements. Among other things, the new treaty changes the taxation of paid dividends…

Services received – how to prove their tax deductibility?

Do you receive services from intracompany or external providers whose actual substance is uncertain or whose benefit for your company is doubtful? The tax authority may no longer regard the mere provision of such a service’s tax document as…

2019 VAT Act amendment: Do you issue, distribute or accept vouchers? Will you know…

The final part of our VAT news tetralogy focuses on vouchers and related changes in tax calculation methods.

VAT on services connected with import and export of goods

In June, the Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate (GFD) issued a statement on the VAT exemption of services directly connected with the import and export of goods. The information confirms the…

Latest news - August 2018

Last month’s tax and legal news in a few sentences.

SAC ruling: ‘mistakes can cost you’ also applies to excess deductions

The Supreme Administrative Court (SAC) continues the trend of defending taxpayers against unlawful or incorrect practices of tax administrators. In its recent judgement 1 Afs 28/2018, it awarded a taxpayer interest on the wrongful conduct of a tax…

Active defence pays off in tax fraud investigations

The Supreme Administrative Court (SAC) has brought a new perspective on proving the taxpayer’s involvement in a transaction affected by tax fraud. While remaining consistent with its previous case law as to the distribution of the burden of proof,…

SAC on proving VAT exempt supplies to another EU member state

In its recent judgment, the Supreme Administrative Court (SAC) dealt yet again with the case where the VAT exemption of a cross-border supply of goods was challenged by a tax administrator. Apart from the specific circumstances of the case, the…