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Tax credit for children in case of a dispute between parents Personal income tax

In 2022, the amount of child tax credit that a taxpayer can apply as a reduction in personal income tax liability was increased. This article deals with the...

Roman Burnus
| 5 min read | April 19, 2022
Buying alcoholic beverages from the EU via e-shops Tax & Accounting

Based on the currently published information of the Customs Administration, anyone buying alcoholic beverages from another EU member state via an Internet...

3 min read | April 11, 2022
Government approves reduction of excise tax on diesel and petrol Tax & Accounting

The government has decided to reduce excise tax on fuel by CZK 1,5 per litre for both petrol and diesel. The excise tax on a litre of petrol should therefore...

3 min read | April 7, 2022
Supreme Administrative Court: On proving the taxation of amounts in a bank account Tax Audit

The Supreme Administrative Court (“SAC”) has ruled on the obligation of a natural person to prove the amounts credited to his/her bank account and whether...

Roman Burnus
| 5 min read | April 5, 2022
VAT on finance leaseback Tax & Accounting

On 1 April 2022, the website of the Financial Administration published the minutes from a meeting of the Coordinating Committee with the Chamber of Tax...

Richard Knobloch
| 5 min read | April 5, 2022
Finance Minister waives 2022 road tax advances for all taxpayers Tax & Accounting

As we have already informed you, the government has decided to abolish the road tax for vehicles weighing up to 12 tonnes due to the rapid increase in fuel...

3 min read | March 29, 2022
Determining the tax base of a cooperating person Tax & Accounting

In judgment 4 Afs 490/2019-34 of 22 November 2021, the Supreme Administrative Court (“SAC”) dealt with a dispute between the Regional Court in České...

Roman Burnus
Marek Toráč
| 5 min read | March 22, 2022
Information of the General Financial Directorate on the application of a special provision on the application of tax losses Tax & Accounting

On 11 November 2021, the General Financial Directorate issued information on the application of a special provision of article 38zh of the Income Tax Act...

3 min read | March 22, 2022
Current vs. deferred tax – accounting principles, recognition Corporate income tax

Physical and documentary inventory-taking needs to be performed and closing transactions need to be accounted for before the 2021 financial statement can be...

Jitka Pešičková
| 7 min read | March 22, 2022
ETIAS – a new system for foreigners without visa requirements Taxation of expats

The European Travel Information and Authorization System – ETIAS , is a new EU system applicable to third-country nationals exempted from the visa...

Roman Burnus
| 4 min read | March 22, 2022
The government has decided to abolish road tax on vehicles weighing up to 12 tonnes Tax & Accounting

On Wednesday 9 March, the Government approved the first measures to reduce the impact of the rapid increase in fuel prices. In addition to the cancellation...

3 min read | March 21, 2022
Exemption of income spent on own housing and deduction of mortgage interest in tax return Taxation of expats

The Czech Income Tax Act offers taxpayers a relatively wide range of exemptions from personal income tax on the sale (transfer) of immovable property. One of...

10 min read | March 21, 2022
Change in the average fuel price for the purpose of providing travel reimbursements Tax & Accounting

With effect from 12 March 2022, the Ministry of Labour and Social Affairs is raising the reimbursement of travel expenses for electricity from CZK 4.10 to...

2 min read | March 21, 2022
Donations for Ukraine – deduction from the income tax base Conflict in Ukraine

On 9 March 2022, the Government submitted to the Chamber of Deputies a draft amendment to the Income Tax Act to support humanitarian and charitable...

3 min read | March 11, 2022
U.S. employers managing migration from Ukraine Tax & Accounting

With hundreds of thousands of people fleeing Ukraine in recent weeks, a significant number of those individuals are displaced and working remotely. As the...

3 min read | March 9, 2022
Donations to Ukraine – material aid and VAT Conflict in Ukraine

In the current situation, sending various humanitarian aid to Ukraine is more than topical. Transport of aid sent in the form of necessary goods is usually...

Richard Knobloch
| 5 min read | March 8, 2022
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