GT News

The General Financial Directorate (“GFD”) has issued Guidance No. GFD D-56 regulating the procedure of financial administration authorities in deciding on...

In an appeal, the Supreme Administrative Court (“SAC”) dealt with a dispute between a trading company (“the plaintiff”) and the Appellate Tax Directorate...

The Czech Republic has traditionally been lagging behind in transposing directives. The late transposition of Directive (EU) 2019/1152 of the European...

As a result of the negative effects of the war in Ukraine, the prices of gas, electricity and petroleum products have increased enormously, which in turn...

As we informed you earlier, the government has reduced excise duty on diesel and unleaded petrol by CZK 1.50 per litre. This reduction was only intended to...

The General Financial Directorate (GFD) recently published information on the number of Czech tax residents – individuals with accounts abroad and their...

On 30 September 2022, the Chamber of Deputies of the Czech Republic approved an amendment to the Act on Administrative Cooperation in the Field of Taxes. It...

With effect from 1 January 2021, we welcomed the amendment to Act No. 280/2009 Coll., the Tax Code, which reduced interest on late payment of tax arrears.

In early September 2022, the Government of the Czech Republic prepared a draft Government Decree amending Government Decree No. 221/2019 Coll., on the...

Due to rising inflation and the subsequent increase in prices, the non-deductible amounts, the unseizable minimum and other parameters of enforcement...

On 31 August 2022, the Government approved a set of twenty measures to reduce the bureaucratic burden on entrepreneurs, tradesmen and citizens. This will...

If you paid local VAT in 2021 on goods or services purchased in an EU country and you use such supplies for your business, you can claim a VAT refund. The...

The Supreme Administrative Court (hereinafter the SAC) dealt with an appeal in cassation between an plaintiff (ADL PRANA s.r.o.) and a defendant (the...

On 12 September 2022, the government draft amendment to Act [1] No. 262/2006 Coll., the Labour Code, as amended (hereinafter “the Labour Code”) was...

The General Financial Directorate has published an addition to the frequently asked questions and answers in relation to the reporting obligation on...

Government parties are currently discussing the possible introduction of a special tax targeting windfall or extraordinary profits. According to the...