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Changes to travel allowances from 1 January 2023 Tax & Accounting

A draft amendment to the Decree of the Ministry of Labour and Social Affairs is currently under review, which is intended to change the rates of basic...

Roman Burnus
| 4 min read | December 6, 2022
From the case law: further interpretation of a non-monetary transaction for an employee Tax & Accounting

The Supreme Administrative Court (“SAC”) has dealt with a dispute in a cassation complaint between a legal entity (“the plaintiff”) and the Czech Social...

Roman Burnus
Marek Toráč
| 8 min read | December 6, 2022
Reduction threshold for adjusting the daily assessment base in sickness insurance Tax & Accounting

On 31 October 2022, new amounts of reduction thresholds for the adjustment of the daily assessment base for the purposes of sickness insurance were published...

Roman Burnus
Anna Beránková
| 2 min read | December 6, 2022
Research and development as an item deductible from the tax base – current case law Tax & Accounting

Deduction for support of research and development (hereinafter R&D) is an item deductible from the tax base in the sense of article 34(4) of the Income Tax...

Petra Vaněčková
| 8 min read | December 6, 2022
Judgment of the Court of Justice of the EU C-607/20 GE Aircraft Engine Services – New VAT practice for employee incentive schemes? Tax & Accounting

As a preliminary question in the present proceedings, the CJEU considered a situation, where an employer rewarded his best performing employees by providing...

Petr Němec
Richard Knobloch
| 6 min read | December 6, 2022
Cryptocurrencies were first addressed at the Coordination Committee Tax & Accounting

On 1 December 2022, the minutes of the meeting of the Coordination Committee with the Chamber of Tax Consultants of the Czech Republic (KDP CR) from 30...

Petr Němec
| 4 min read | December 6, 2022
Increase of the VAT threshold to CZK 2m – possibilities for VAT payer registration and deregistration immediately after the amendment to the VAT Act comes into force Tax & Accounting

The approved amendment to the VAT Act, which we have been continually informing about and which was published in the Collection of Laws on 2 December 2022...

Richard Knobloch
| 6 min read | December 2, 2022
Windfall tax and other amendments from the tax package approved by the Senate Tax & Accounting

At its meeting on 24 November 2022, the Senate approved a tax package that included a proposal for a Windfall Tax (tax on extraordinary profits) in the...

2 min read | November 25, 2022
New reporting obligation for digital platforms (DAC 7) signed by the President Tax & Accounting

On 16 November 2022, the President signed the approved amendment to the Act on Administrative Cooperation in the Field of Taxes, which introduces a reporting...

Petr Němec
| 2 min read | November 22, 2022
Amendment to the Income Tax Act – legal entities Tax & Accounting

On 4 November 2022, the Chamber of Deputies of the Czech Republic approved in the third reading a draft amendment to Act No. 586/1992 Coll., on Income Taxes,...

Zdeňka Svobodová
| 6 min read | November 22, 2022
New developments in personal income tax 2023 Tax & Accounting

On 4 November 2022, the Chamber of Deputies approved an amendment to the Income Tax Act (ITA) and the Value Added Tax Act (VAT) – Parliamentary Print No....

Roman Burnus
| 8 min read | November 22, 2022
Government approves capping of energy prices and levy on excess revenues of electricity producers Conflict in Ukraine

The government has approved an amendment to the Energy Act, which sets maximum caps on energy prices and at the same time a levy on excessive revenues of...

3 min read | November 14, 2022
Chamber of Deputies has approved obligatory registration to VAT only when the turnover exceeds 2 million Tax & Accounting

The Chamber of Deputies has approved an amendment to the VAT Act, which increases the threshold (turnover) for mandatory registration of VAT payers from one...

Richard Knobloch
| 3 min read | November 8, 2022
Influencers in the viewfinder of the Financial Administration Tax & Accounting

The revenue of video content creators on streaming platforms such as YouTube and Twitch has come under intense scrutiny by the tax authorities. The processed...

Michaela Horváthová
| 2 min read | November 8, 2022
Windfall tax proposal approved by the Chamber of Deputies Conflict in Ukraine

On Friday 4 November 2022, after several hours of debates, the Chamber of Deputies approved the Windfall tax proposal in its third reading. The second...

Tomáš Brabenec
Jiří Jakoubek
Jaroslav Foltýn
| 3 min read | November 8, 2022
The service of Viewing Selected Data will no longer be available from December Tax Audit

From December, selected information from personal tax accounts and taxpayer files maintained by the tax office will no longer be available through the...

3 min read | November 8, 2022
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