Tax & Legal Update
AIFMD II sets rules for loan-originating funds
AIFMD II is the first directive to harmonise European rules for alternative investment funds that originate loans or acquire receivables arising from fund loans. The new requirements will primarily affect special funds, qualifying investor funds and…
Who will Cobra bite? Authorities are preparing coordinated approach against illegal…
Illegal work, the ‘Svarc’ system, and disguised agency employment are not new concepts. Yet many companies perceive the risk of sanctions as marginal – operating beyond the law is often simply more advantageous. A new initiative by three ministries…
Increase in salary requirements for EU Blue Cards from 1 May 2026
Based on newly published data on the average wage in the Czech Republic, the minimum wage required for the issuance of an EU Blue Card will increase from 1 May 2026. The change will affect not only the Blue Card procedure itself but also the…
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…
SAC: When does advance payment trigger obligation to declare VAT?
In a recent judgment, the Supreme Administrative Court (SAC) held that the obligation to declare VAT on a received advance payment arises when, as of the date the advance payment is received, the taxable supply is known with sufficient specificity.…
CJEU: input VAT deduction for mandatory hospital equipment depends on its actual use
The Court of Justice of the EU (CJEU) confirmed that input VAT deduction for healthcare providers depends on the asset’s actual use, not on the fact that its acquisition is required by law. According to the CJEU, the decisive factor is always a…
EU and Mercosur: provisional trade agreement from 1 May 2026
The European Commission has confirmed that the provisional trade agreement between the European Union and the four founding countries of the Mercosur South American common market will take effect from 1 May 2026. Its aim is to create a partnership…
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…
TRANSPORT 2030: 4th call for research and innovation in transport
The Technology Agency of the Czech Republic, in cooperation with the Ministry of Transport, has published the preliminary parameters of the 4th call to participate in TRANSPORT 2030 under the Programme to Support Applied Research and Innovation in…