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Every taxpayer, if subject to applicable tax legislation, is obliged to submit a regular tax statement which the tax administration uses as a base for...
Our tax legislation and the Tax Code do not currently explicitly provide a generic regulation for the abuse of rights, or else a generic regulation for the...
In July 2018 legislation has been passed which changes the definition and taxation of an elemental investment fund. The amendment to the Act on Income Tax...
In the Czech Republic at the end of September 2018, there were 15 542 subjects recorded who pay VAT unreliably. This number comprises of 8 317 unreliable VAT...
Based on the agreement reached by the ECOFIN council, a general extension of the VAT reverse charge mechanism shall apply to domestic transactions of value...
One of the aspects of the amendment to the VAT Act which, according to plan, should have come into force in January 2019 (judging by the current state of the...
In one of our previous issues we have informed you about the directive that is being prepared and concerns mandatory automatic exchange of information in the...
The Czech Republic has seen a significant progress in the fight against tax evasions in recent years and thus has also gotten better at collecting VAT. This...
Wednesday September 12, the government discussed the possible rise of flat rate expenditure which could be used by tax subjects whose income comes from...
At the beginning of last year, we have published an article informing you that after four years the Council of the European Union has adopted Directive...
Nine months have passed since the publication of the judgement of the Constitutional Court reasserting that the Act on electronic record of sales is not...
The regional court in České Budějovice was discussing a case pertaining to the emergence of a permanent establishment represented by a dependent agent. The...
For the purposes of VAT, export of goods is considered tax-exempt with the right of deduction of input VAT. The Czech Act on VAT defines it in Section 66;...
On July 9, 2018, the Constitutional Court of the Czech Republic issued ruling no. II. ÚS 955/18 concerning the “definition” of the close person.
The Government has tabled a proposal of an amendment to the e-sales legislation to the Chamber of Deputies, which was to discuss it on September 11, 2018....
A tax subject is penalized and given a late payment interest, if the subject fails to observe the due date of tax. This sanction is provided for in Section...