Tips and tricks
Income tax and VAT aspects of technical improvements to leased assets
The termination of a lease of premises to which the lessee carried out technical improvement may have significant tax implications for both the lessee and the lessor. If, with the lessor's consent, the lessee makes technical improvement to the…
Tax administration principles: procedural equality, cooperation, and instruction
Three principles play a key role in the tax system: the principles of procedural equality, cooperation, and instruction. What do they ensure? With this article, we conclude our year-long series presenting to you the various principles of tax…
VAT deduction: what year-end obligations to watch out for
The end of the calendar year is associated with several obligations related to the right to deduct VAT. If a VAT payer claims a proportional or reduced deduction, it is good to know what needs to be done in the December VAT return. This article…
How to avoid assessment of tax using auxiliary mechanisms?
In some cases, the tax administrator may determine tax even without the taxpayer's cooperation, using auxiliary mechanisms. We summarise below what this means for the taxpayer and how to avoid this situation.
Procedural options for flood-affected taxpayers
All tax relief options contained in the Czech Financial Administration’s notice in response to the recent flooding have been summarised in a recent article. In this issue, we thus focus on the procedural options open to taxpayers affected by this…
Provision of company car to employee
A common employee benefit is the possibility to use a company car for private purposes. How to provide this benefit correctly? What is the effect of the vehicle’s emission parameters? How to proceed when a vehicle is provided exclusively for private…
Principles of tax administration: material truth
Honesty gets you the furthest, and lies don’t travel far. With a bit of exaggeration, it could seem that these sayings were an inspiration for the Tax Procedure Code, as it enshrines the principle of material truth. In this article, we explain what…
When is an additional VAT return really necessary?
Corrections to already filed VAT returns are not uncommon in practice. Often, we either do not have the tax documents in the period to which they relate or we simply forget to include them. Let's take a look at situations when we are obliged to file…
VAT perspective on various options of providing company cars to employees
Providing company cars to employees for their private use is an increasingly common benefit. What are the VAT implications for employers when providing car to employees free of charge? Does the situation change if the cars are provided to employees…
Tax administration principles: non-publicity, confidentiality, and personal data…
Certain procedural principles, such as the principles of legality, speed, and economy, apply in various areas of public law. Other principles are specific for the administration of taxes, such as the principles of confidentiality, non-publicity, and…
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…
Can penalties be waived where abuse of tax law has been involved?
Cases of abuse of law are nothing new in the tax area. Is it possible to successfully apply for waiver of at least part of the penalty resulting from the assessment of additional tax under these circumstances? Can the tax authority deny the waiver…