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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
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
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