Coordination Committee – treatment of donations to Ukraine remains unclear

In response to the war, the government promptly came up with an act on tax measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the troops of the Russian federation, setting the conditions for the tax…

New call to support water saving in industry

On 5 May 2022, the Ministry of Industry and Trade announced a long-awaited call for water saving in industry. This is the first call of its kind under the National Recovery Plan.

Donations to Ukraine: Does VAT obligation arise?

The General Financial Directorate has issued summary information on VAT implications of making donations to support Ukraine. While for income tax, Czech laws can be amended to respond flexibly, the situation is rather more complicated for VAT, as…

Income tax view on 2022 donations to Ukraine

In connection with the armed conflict in Ukraine, the Ministry of Finance has prepared a bill on tax measures, indirectly amending the Income Tax Act and extending tax support for taxpayers' charitable activities.