Tax & Legal Update
New subsidies to support research and development in digitisation and new…
The Ministry of Industry and Trade in cooperation with the Business and Innovation Agency plans to announce two new calls under the Applications programme. It will be possible to obtain support for experimental development and industrial research in…
CJEU: are building foundations a residential structure?
In its judgment, the Court of Justice of the European Union stated that land with the foundations of a residential housing structure is still regarded as building land. The connection of the plots to utilities does not have the effect of changing…
SAC upholds denial of mineral oil tax refund
The Supreme Administrative Court (SAC) dismissed a cassation complaint filed by a company seeking to annul a judgment denying its claim for a refund of excise duty on mineral oils. The company was unable to prove that the mineral oils purchased were…
ViDA : key changes to VAT and their impact on EU business
The European Union reached a major milestone in tax policy when the ECOFIN Council approved a package of measures aimed at modernising VAT rules, known as the VAT in the Digital Age (ViDA) Directive in early November 2024. This comes after almost…
Pillar Two: Exchange of information on information returns within EU (DAC 9)
The European Commission is proposing a single framework for exchanging information on top-up tax information returns, which would allow the filing of a single information return within the EU. The proposal includes a single format for information…
Ministry of Finance: new Accounting Act to take effect only from 2026
The Ministry of Finance has published an updated working version of the draft of the new Accounting Act and has confirmed that it is expected to come into effect from January 2026 at the earliest.
SAC on VAT deduction and supplier check
The Supreme Administrative Court (SAC) has once again dealt with the refusal of a VAT deduction on the grounds of a company's involvement in a transaction affected by tax fraud. One of the issues was whether the company's checks of its suppliers had…
Exemption of income from sale of securities and shares in corporations restricted…
From 1 January 2025, income from the sale of securities and shares in corporations meeting the time test of three years for securities and five years for shareholdings will be exempt from personal income tax only up to CZK 40 million per taxpayer in…
VAT Act amendment coming into effect: overview of main changes
The chamber of deputies has approved an amendment to the VAT Act in its third reading. The senate is expected to approve the chamber's wording, and the planned effective date of 1 January 2025 will therefore be adhered to. Certain changes, in…
Subsidies for charging station constructions
From 14 October 2024, applications can be submitted for support under Calls 30 and 31 of the Operational Programme Transport 2021– 2027, which aim to support the development of fast-charging infrastructure for passenger vehicles.