New company car taxation rules in effect from July

The GFD has issued Information for Payers of Income Tax on Employment relating to the Amendment to the

New income tax credit

Recently published in the Collection of Laws, an extensive amendment to the Enforcement Procedure Code and Civil Procedure Code among other things contains an amendment to the Income

Transfer price checks also in personal income tax inspections

Transfer prices between related parties remain a priority of tax administrators’ inspection activities. As much as the general public believes that this only concerns corporate entities…

Financial administration’s report for 2017: revenues have grown, mostly from VAT

In July, the Czech financial administration published a report on its activity for 2017: revenues have grown for both direct and indirect taxes. The main cause is the Czech economy’s…

Changes to Income Tax Act in 2019

Taxpayers are up for major changes starting from 2019. At least according to the first draft of the amendment to the Income