Tax & Legal Update
News in international taxation
The KPMG EU Tax Centre regularly summarises European and global changes in direct taxes that may affect your business.
Statutory representatives liable for a corporation's tax arrears?
In a recent judgment (10 Afs 4/2024-38 of 18 June 2024), the Supreme Administrative Court (SAC) dealt with a case in which the tax authority turned to the statutory representative of a corporation on the grounds of his liability. Although the Tax…
Easier recovery of debts through payment orders
On 1 July 2024, the Act on Collective Civil Proceedings came into force, enacting the process of collective enforcement of consumer rights in the Czech Republic. However, together with the act, legislators passed completely unrelated amendments that…
Amortisation of valuation differences arising on company transformations part of…
The Supreme Administrative Court (SAC) has issued a judgment that may mark a change in the understanding of valuation differences arising on company transformations. Can we expect that Czech administrative courts will take the economic reality into…
Due Diligence Directive: what companies need to know
The European Union is introducing a new Corporate Sustainability Due Diligence Directive (CSDDD), which introduces new obligations for businesses. Consequently, these should be prepared for greater scrutiny of their activities and their supply…
More flexible arrangements for occasional road passenger transport
At the end of May, an EU regulation introducing changes to the rules regarding (minimum) breaks and rest periods in occasional road passenger transport entered into force. The regulation primarily aims to consider the sector’s specific working…
R&D allowances under TREND programme
The Technology Agency of the Czech Republic has announced the 12th call to participate in the TREND programme focusing on industrial research and experimental development.
Supreme Administrative Court defends taxpayer’s acquisition structure
The Supreme Administrative Court rejected the tax administration's view that the purchase of a share in a corporation financed by a loan and the subsequent merger to transfer the loan to the newly acquired operating entity constituted an abuse of…
New way of reporting employees posted to the Czech Republic
The Ministry of Labour and Social Affairs has introduced new rules for the notification of the posting of workers in the Czech Republic within the framework of the transnational provision of services. The rules are effective from 1 July 2024 and…