Amendment to Income Tax Act for 2021 - new taxation of bonds and monetary contribution for meals

The Ministry of Finance has submitted for external comments an amendment concerning income tax. From 2021, the amendment should change the

Ministry of Finance income tax plan for 2021

2020 has just begun, but two new amendments to the Income Tax Act for 2021 are already being discussed. The ministry is planning to introduce a lump-sum

Changes to income tax after 2019 amendment

The long-awaited tax package entered into effect on 1 April. Legal entities will primarily have to cope with changes to withholding tax<…

Research and development allowance revisited

Late in June 2018, the Council for Research, Development and Innovations adopted a proposal for measures aiming to eliminate companies’ uncertainties when claiming R&D allowances. The new conditions have been agreed on by a working group comprising…

SAC on direct link between non-deductible expenses and taxable revenues

The Supreme Administrative Court (SAC) issued a ground-breaking ruling relating to problematic Section 24 (2)(zc) of the Income Tax Act effective until the end of 2014, giving the…