Tax & Legal Update
Top-up taxes: extension of deadlines for tax returns and information returns
The chamber of deputies has approved an amendment to the Act on Top-Up Taxes extending the deadlines for filing the first-time Czech top-up tax returns and information returns to 18 months after the end of the taxable period. The amendment…
Advocate General comments on VAT treatment of tooling
The Advocate General of the Court of Justice of the European Union (CJEU) has confirmed the current approach to the VAT treatment of the sale of tooling (moulds), whereby it is a supply of goods without transport and therefore a taxable supply at…
Supreme Court: Chanel can choose its distributors
Chanel, a French luxury cosmetics and perfumes manufacturer, has for many years been involved in a legal dispute with the Czech company Notino. The subject of the dispute was Notino's obligation to provide information on the origin of Chanel’s…
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All eventsFlexinovela amendment to Labour Code in practice: changes to notice periods
One of the novelties brought by the Flexinovela amendment to the Labour Code is the change in termination notice periods: under the new rules, they start to run on the day the notice is served and end on the day numerically identical with that day.…
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…
Grant and investment opportunities for European defence industry
In 2024, the European Commission made EUR 910 million available through the European Defence Fund (EDF). More than EUR 1 billion remains available for projects this year. This initiative is a key step towards strengthening the defence industry in…
Changes in tax legislation: news for ESOPs, abolition of limit for exempting…
During the debate of the draft Act on Single Monthly Employer Reporting (in Czech: jednotné měsíční hlášení zaměstnavatele or JMHZ) in the chamber of deputies, several amending proposals have been submitted and attached to the bill as legislative…