Tax & Legal Update
Instant euro payments and payee verification: new obligations for Czech banks and…
From 2027, Czech banks and payment institutions will face new obligations concerning euro payments. In particular, the EU regulation introduces mandatory verification of the payee, expands the availability of instant payments and changes the rules…
Major Income Tax Act amendment to reshape the rules on assets, depreciation, leasing…
A comprehensive amendment to the Income Tax Act is being prepared alongside the new Accounting Act. The changes go well beyond terminology. In response to changes in accounting legislation, the proposal introduces a number of conceptual changes,…
Constitutional Court upholds constitutional protection of legal professional…
The Constitutional Court recently confirmed that lawyer–client confidentiality shall be protected in tax proceedings as it represents a constitutional limit for the tax administrator when taking evidence.
General Court of the EU: contribution in kind to a company from a VAT perspective
In a recent judgment, the General Court of the EU considered the VAT treatment of a contribution in kind of real estate to a company whose sole shareholder is the contributor. If the contributor receives no actual consideration, the transaction does…
Reporting units under EET 2.0: what must be reported from 1 November?
A reporting unit is a concept that did not exist under the original EET system. Yet the configuration of the entire reporting system will depend on defining these units correctly. From 1 November 2026, businesses will be able to register units…
EET 2.0 launch: January to be a trial month, not a postponement
The launch of electronic sales reporting is less than three months away, while some of the functions needed to configure the system are due to become available in November. How will the provisions of the Act on Electronic Sales Reporting come into…
New funding opportunities to develop charging infrastructure
The Czech Republic continues to support the modernisation of transport infrastructure through the Transport Programme 2021–2027. The aim is to strengthen the competitiveness of the economy by improving transport accessibility, promoting sustainable…
EU adopts a new Customs Code: what will it mean for businesses?
The new EU Customs Code aims to harmonise customs procedures across the Member States. What will the most extensive reform of the European customs system since 1968 bring?
Pay transparency: legislation awaits approval, but preparations should not
The bill implementing the EU pay transparency rules has reached the Chamber of Deputies. It imposes a number of obligations on employers, which they are expected to comply with from 1 January 2027. Employers should therefore not wait for the…
Government approves an extraordinary tax on refineries
Taxpayers operating in the refinery sector and meeting the statutory conditions will be subject to an extraordinary tax of 50% in 2026 and 2027, levied on the increase in gross refining margins compared to 2025. However, according to information…
Childcare and student tax credits reinstated; employee benefits revised
The Chamber of Deputies upheld its version of the bill on the electronic sales reporting (EET), thereby rejecting the Senate’s amending proposals. The President signed the act on 17 September 2026. In addition to introducing the new electronic sales…