World news
CJEU issues another judgment on fixed establishments for VAT purposes
The Court of Justice of the European Union (CJEU) has held that where a customer receives services based on an exclusive contract for the provision of services in a state other than the state in which their business is located, the resources of the…
Minimum tax: current OECD and Czech developments
In July, the OECD published details on the content of the top-up tax information return, and additions to the administrative guidance. The Czech Ministry of Finance then published the outcome of the comments filed during the comment procedure and…
New GBER public aid rules in force since July
At the end of June, the European Commission officially issued an amendment to the GBER, aiming to simplify and streamline the provision of aid for the EU's green and digital transition. Below, we summarise the most important changes.
Ambitious customs legislation amendment coming soon
The most ambitious amendment to customs legislation since 1968 is heading to the MEPs. Prepared by the European Commission, it aims for EU customs to make full use of electronic data, and to significantly simplify customs procedures.
UK to require travel authorisation for EU citizens
Following Brexit in 2021, the United Kingdom became a third country and no longer benefits from the free movement of persons and services within the European Union. So far, the withdrawal agreement has allowed visa-free travel for Czech citizens…
Obligatory digital billing starting next year?
If the EU directive titled VAT in the Digital Age (ViDA) passes, taxpayers will have to cope with the digital reporting requirement. Member states then may impose an electronic invoicing obligation effective 1 January 2024.
How to avoid greenwashing? With a new EU directive!
A proposal for a new EU directive promises to strengthen consumer protection against a misleading business practice referred to as greenwashing, and stricter rules for entrepreneurs who claim that their products are environmentally sound (green).
Minimum tax: transitional safe harbour rules
A global minimum tax will apply from taxable periods beginning on or after 1 January 2024. It will be applied to groups with consolidated revenues of more than EUR 750 million. This is the same revenue threshold that obliges corporate groups to…
Any progress with VAT system digitisation?
The draft amendment to the VAT Directive which has already undergone the first public comment procedure, aims to digitise the value added tax system and establish a legal framework to level the business environment across EU member states.
Regulation on foreign subsidies: new obligations to affect mergers and public…
Until now, the EU has not had the instruments to prevent distortions of the EU market due to foreign subsidies or to prevent an unfair advantage for subsidised companies from third countries. This should change with new Regulation (EU) 2022/2560 of…
Introduction of carbon border tax imminent
The EU has reached an agreement on the introduction of a carbon border adjustment mechanism. The purpose is to level the prices of products subject to carbon fees (allowances) within the EU with the prices of comparable goods imported from outside…
EU directive ensuring minimum taxation level enters into effect
The EU member states have finally agreed on the introduction of a minimum effective tax rate: the directive on ensuring a global minimum level of taxation for multinational groups and large national groups entered into effect on 23 December 2022. It…