Tax & Legal Update
Top-up tax: tax return and information return form
The Ministry of Finance has published a draft decree setting out forms for the tax return and the information return for allocated and Czech top-up tax. The tax return is common for both taxes, as is the information return, which is based on the…
Amendment to AICIF: What will it bring and what to prepare for?
The Ministry of Finance has prepared an extensive amendment to the Act on Investment Companies and Investment Funds (AICIF)reflecting the EU AIFMD II directive. Most of it is expected to enter into effect on 16 April 2026 but some of its parts as…
Impact of US tariffs
The US government is introducing new tariffs on imported goods, which may increase costs for businesses. In collaboration with our US colleagues, we would like to draw your attention to several aspects that can affect the extent of the tariffs, such…
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All eventsEffects of tariff changes on transfer prices
The arrival of the new US administration signalled a major turning point in the US approach to international trade. The first months suggest a possible shift away from liberalisation, with tariffs being used to advance US trade interests. For Czech…
Assignment of receivables secured by pledge agreement
The Supreme Court of the Czech Republic dealt with whether an assignment of a receivable arising from a secured obligation also transfers the ancillary clauses of the pledge agreement, e.g. the right to demand a contractual penalty, to the new owner.
Supreme Court: Can blank promissory note be redeemed?
In resolution No. 29 Cdo 2073/2022, the Supreme Court of the Czech Republic has taken the view that it is possible for a blank promissory note to be redeemed, i.e. reestablished in court.
How to extend the deadline for filing income tax returns?
What to do if the six-month deadline seems insufficient to prepare your income tax return, or if for whatever reason you’ve failed to file within earlier deadlines?
Extension of loan interest deduction: new tax relief for cooperative housing
The Senate of the Czech Republic approved a bill extending the possibility to deduct interest from the personal income tax base: apart from interest on mortgage loans, it will also be possible to deduct interest on housing cooperatives’ loans. An…
CJEU on VAT treatment of subsidies in public transport
The Court of Justice of the European Union (CJEU) addressed whether a lump-sum compensation provided by a region to a public transport operator to cover their loss is a part of the taxable amount for VAT purposes. In the present case, the…