Tax & Legal Update
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…
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.
Fundamental change for employers: ministry has presented draft amendment…
The Ministry of Labour and Social Affairs (MPSV) has published a draft amendment to the Labour Code designed to transpose the Pay Transparency Directive. Although the effective date has been postponed until 2027, employers must take action. Given…
AICIF amendment changes liquidity management
AIFMD II strengthens the rules for liquidity management of open-ended funds. Fund managers will be required to pre select appropriate liquidity management tools, ensure their timely activation where necessary, and document and justify their use. The…
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…
CJEU: VAT treatment of loyalty points
In its recent judgment in Case C 436/24 Lyko Operations, the Court of Justice of the European Union (CJEU) held that points awarded under a customer loyalty scheme do not constitute “vouchers” pursuant to the VAT Directive where their use is…
Growing importance of corporate compliance systems
The year 2026 brings significant changes to corporate criminal liability. Among other changes, the amended law strengthens the role of preventative measures and introduces a new instrument in criminal proceedings in the form of conditional waiver of…