Tax & Legal Update
May extension of the diesel “discount” – what changes and what remains
The package of measures aiming to support drivers will continue in May, the Czech government announced. The reason remains the same: instability in the Strait of Hormuz area and the related tension in the oil market, which is pushing fuel prices…
Claiming input VAT before receiving invoice: landmark EU General Court judgment does…
The EU General Court’s judgment has attracted much attention, as it opened a key question: can a taxpayer claim the right to deduct VAT already for the period in which the tax liability arose even if the invoice was received only later – yet still…
Top-up taxes: first-time filing deadline is approaching. Are you ready?
In the coming months, Czech companies that are part of large multinational groups will be required to prepare and submit for the first time their top up tax returns and related information returns for the 2024 reporting period.
April regulation of petrol and diesel prices and reduction of excise duty on diesel
The government has approved two measures aimed at mitigating rising fuel prices, effective from 8 April to 30 April 2026. During this period, petrol and diesel prices will be subject to regulation through maximum retail prices announced on a day by…
New category of companies with less stringent rules?
European Parliament committees have backed a proposal to introduce a new category of companies – small mid-cap enterprises (SMCs). They are to be subject to similar exemptions as small and medium-sized enterprises. This will allow them easier access…
New Foreigners’ Act to introduce digitisation, enhanced security and mandatory…
The government has approved a new bill on the entry and residence of foreign nationals, which aims to fundamentally modernise the system governing residence in the Czech Republic. The proposed legislation responds to the need to consolidate the…
EU unveils new visa strategy: focus on security, digitisation and talent mobility
The European Commission has published the first comprehensive EU Visa Policy Strategy, outlining the long-term direction for the development of EU visa policy. The strategy brings together security considerations, economic competitiveness and…
STEP: support for R&D and advanced technologies
In cooperation with the Agency for Entrepreneurship and Innovation, the Ministry of Industry and Trade has launched two calls for proposals under the STEP platform. These calls are aimed at supporting industrial research and experimental development…
New methodological guidance on procedures following expiry of tax assessment period
The General Financial Directorate (GFD) has issued new methodological guidance in response to a recent ruling of the Extended Chamber of the Supreme Administrative Court. The guidance standardises the procedures applied by tax authorities when tax…