GT News

Unpublished Financial Statements: An Unnecessary Risk That Does Not Pay Off

The Czech National Bank clarifies the definition of “senior management” under ZISIF, providing guidance on approval requirements and governance for investment companies and funds.

New Button for Online Withdrawal from a Contract

Loyalty programme discounts are lawful, but unclear presentation of “club prices” may mislead consumers and expose traders to significant legal and regulatory risks.

The Czech Supreme Court clarifies when employees removed from managerial positions are entitled to severance pay and how redundancy should be assessed.

Proposed Amendments to the VAT Act: Further Simplification for Trading within the European Union

FAQ: What Paid Leave Are You Entitled to at Work?

The General Financial Directorate provides guidance on determining individual tax residency under Czech law and double taxation treaties, including practical examples.

The Supreme Court clarifies that loan interest payments made before insolvency do not automatically constitute preferential treatment if they arise from an economically balanced contractual relationship.

The Supreme Administrative Court Broadens the Interpretation of Related Parties for Thin Capitalisation Purposes

The OECD has published a draft update to Chapter VII of the OECD Transfer Pricing Guidelines, focusing on intra-group services.

The Supreme Administrative Court (hereinafter the "SAC") judgment confirms the ongoing emphasis on assessing the economic rationality of holding structures and demonstrating their commercial justification.

The Court of Justice of the European Union ("CJEU") has handed down its highly anticipated judgment in Case C-603/24 (Stellantis Portugal). This follows the Opinion of Advocate General Juliane Kokott, which we discussed in our previous article ("Further reflections on the assessment of transfer pricing adjustments and VAT – Advocate General's Opinion in Case C-603/24 Stellantis Portugal | Grant Thornton").

The High Court in Prague has granted the request of the security system administrator, authorizing the use of technology enabling biometric recognition of individuals via CCTV and artificial intelligence algorithms within the monitored areas of Václava Havel Airport.

The European Commission has adopted a new temporary State aid framework, METSAF (Middle East Crisis Temporary State Aid Framework), designed to enable Member States to provide faster and more targeted support to businesses affected by the repercussions of the crisis in the Middle East.

The European Union is fundamentally changing the rules of the game for packaging. The new PPWR (Packaging and Packaging Waste Regulation) introduces a unified framework that is directly binding for all EU member states, significantly impacting manufacturers, distributors, retail, and e-commerce alike.