Tax & Legal Update
Amendment to AICIF: What will it bring and what to prepare for?
The Ministry of Finance has prepared an extensive amendment to the Act on Investment Companies and Investment Funds (AICIF)reflecting the EU AIFMD II directive. Most of it is expected to enter into effect on 16 April 2026 but some of its parts as…
Impact of US tariffs
The US government is introducing new tariffs on imported goods, which may increase costs for businesses. In collaboration with our US colleagues, we would like to draw your attention to several aspects that can affect the extent of the tariffs, such…
Event invitations
All eventsGrant and investment opportunities for European defence industry
In 2024, the European Commission made EUR 910 million available through the European Defence Fund (EDF). More than EUR 1 billion remains available for projects this year. This initiative is a key step towards strengthening the defence industry in…
Assignment of receivables secured by pledge agreement
The Supreme Court of the Czech Republic dealt with whether an assignment of a receivable arising from a secured obligation also transfers the ancillary clauses of the pledge agreement, e.g. the right to demand a contractual penalty, to the new owner.
Supreme Court: Can blank promissory note be redeemed?
In resolution No. 29 Cdo 2073/2022, the Supreme Court of the Czech Republic has taken the view that it is possible for a blank promissory note to be redeemed, i.e. reestablished in court.
How to extend the deadline for filing income tax returns?
What to do if the six-month deadline seems insufficient to prepare your income tax return, or if for whatever reason you’ve failed to file within earlier deadlines?
Extension of loan interest deduction: new tax relief for cooperative housing
The Senate of the Czech Republic approved a bill extending the possibility to deduct interest from the personal income tax base: apart from interest on mortgage loans, it will also be possible to deduct interest on housing cooperatives’ loans. An…
CJEU on VAT treatment of subsidies in public transport
The Court of Justice of the European Union (CJEU) addressed whether a lump-sum compensation provided by a region to a public transport operator to cover their loss is a part of the taxable amount for VAT purposes. In the present case, the…
VAT treatment of compensation for stolen goods
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate recently considered compensation for stolen goods from a VAT perspective and concluded that such compensation is only subject to VAT if two conditions…