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Valorisation of compensation of earnings in the case of occupational injuries Tax & Accounting

On 18 May 2022, the government decided to valorise the compensation that replaces earnings after a work-related injury or in case of occupational disease....

Roman Burnus
Marek Toráč
| 3 min read | May 31, 2022
Minimum wage vs. lowest level of guaranteed wage Tax & Accounting

The minimum wage is not always a sufficient one under the legal rules. Unfortunately, not every employer is aware of this fact. What wage should he pay, for...

Roman Burnus
| 3 min read | May 31, 2022
Extension of automatic exchange of information to income from royalties International Taxes Advisory

From 1 January 2023, the reporting obligation will be extended based on decree no. 109/2022 Coll., amending decree no. 74/2014 Coll., on Determining the...

4 min read | May 31, 2022
Claiming higher tax credit for investment incentives in a supplementary tax return Tax & Accounting

At the end of April 2022, the Regional Court in Prague issued judgment no. 51 Af 62/2020, which deals with the application of higher tax credit for...

Petr Němec
| 3 min read | May 31, 2022
Increase in the limit for the use of flat-rate tax Taxation of expats

The Ministry of Finance of the Czech Republic has submitted a tax package ( here ), where, among other things, it proposes to increase the threshold for...

Roman Burnus
| 4 min read | May 31, 2022
Withholding tax on employment income from third parties Taxation of expats

In judgment no. 29 Af 83/2018-102 of January 2022, the Regional Court in Brno dealt with a dispute regarding additional assessment of personal income tax on...

Roman Burnus
| 4 min read | May 31, 2022
Obligation to report employment of a citizen of Ukraine to the Labour Office of the Czech Republic Taxation of expats

Employers must report the employment of a Ukrainian citizen under temporary protection.

Roman Burnus
| 3 min read | May 24, 2022
Amendment to the Income Tax Act in connection with the war in Ukraine Conflict in Ukraine

The Chamber of Deputies and subsequently the Senate agreed on an amendment of Act No. 586/1992 Coll., on Income Taxes, as amended (hereinafter the “ITA”)...

Marek Toráč
| 6 min read | May 17, 2022
Changes to the issuance of blue cards Taxation of expats

The Blue Card is a residence permit for highly skilled foreigners. High qualification is defined as duly completed education or higher vocational training...

Roman Burnus
| 4 min read | May 17, 2022
When the search activity of the tax administrator exceeds its limits and in fact constitutes a tax audit? What are the procedural implications of such a conclusion? Tax Audit

Within its statutory activities, the tax administrator is entitled to perform search activities, where it searches for evidence and tax subjects and...

13 min read | May 17, 2022
The limit for registration to VAT may increase to CZK 2m Tax & Accounting

The Ministry of Finance of the Czech Republic has submitted a tax package ( here ), where, among other things, it proposes to increase the threshold for...

Richard Knobloch
| 3 min read | May 16, 2022
Amendment favouring the use of low-emission vehicles heading to the Senate Tax & Accounting

As part of the support of electromobility, the Chamber of Deputies has approved an amendment concerning the use of the work cars for private purposes. For...

3 min read | May 11, 2022
Benefits exempt from income tax in the form of a cash payment Tax & Accounting

Article 6/9/d of the Income Tax Act states that an employer may provide non-monetary benefits to an employee in the form of use of recreational, medical or...

Roman Burnus
| 3 min read | May 9, 2022
Be aware of possibility of penalty when submitting supplementary tax return Tax Audit

With effect from 1 January 2021, Act no. 280/2009 Coll., the Code of Tax Procedure, as amended (hereinafter the “Code of Tax Procedure”), was amended to...

5 min read | May 3, 2022
Incorrectly applied tax credit for spouse Tax & Accounting

The Supreme Administrative Court dealt with a dispute between a plaintiff and a defendant (the Appellate Financial Directorate) concerning an appeal in...

Roman Burnus
| 4 min read | May 3, 2022
Deadline for payment of real estate tax approaching Tax & Accounting

The due date for payment of the real estate tax is approaching and the tax administration is responding by sending out a total of 2.8 million envelopes to...

3 min read | May 3, 2022
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