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Taxpayers’ interest in the R&D deduction is declining Corporate income tax

The latest data from the Czech Statistical Office show that the research and development (R&D) tax credit is used by only a minority of eligible companies...

Petra Vaněčková
| 5 min read | June 3, 2025
Some accounting news applicable regardless of the upcoming new Accounting Act Accounting

The Ministry of Finance has published a working version of an updated draft of the new Accounting Act and a draft bill amending other laws in this context....

Ludmila Malimánková
Petra Vaněčková
| 7 min read | June 18, 2024
A major change in accounting and taxation. The Ministry has confirmed the introduction of a functional currency and the taxation of only realised exchange rate differences Audit of financial statements

The Ministry of Finance of the Czech Republic has confirmed on its website the conclusions of the meeting of the government coalition on the changes within...

Milan Pašek
Petra Vaněčková
| 3 min read | August 25, 2023
The new Accounting Act: Objectives of accounting reports and requirements for the quality of accounting information Amendment to the Act on Accounting

This article is the first in our series on the new Accounting Act, where we would like to gradually introduce the principles and novelties arising from it.

Petra Vaněčková
| 5 min read | May 16, 2023
Taxation or non-taxation of fair value or the application of hedge accounting in the current situation of rising interest rates and a strengthening Czech koruna rate Accounting and economic advisory

In the course of the year 2022, there was a significant increase in interest rates and a simultaneous appreciation of the koruna against the euro. This...

Petra Vaněčková
| 4 min read | March 8, 2023
Research and development as an item deductible from the tax base – current case law Tax & Accounting

Deduction for support of research and development (hereinafter R&D) is an item deductible from the tax base in the sense of article 34(4) of the Income Tax...

Petra Vaněčková
| 8 min read | December 6, 2022
Advances for acquisition of assets in foreign currency – to revalue or not? Audit

In its judgment 4 Afs 170/2021-35 of 14 February 2022, the Supreme Administrative Court (SAC) confirmed that no exchange rate difference is accounted for in...

Milan Pašek
Petra Vaněčková
| 4 min read | February 17, 2022
Income tax return 2020 - list of deadlines Tax Audit

The aim of this article is to point out the obligations stipulated by applicable legislation that has, incidentally, undergone significant changes, but also...

Petra Vaněčková
| 10 min read | May 4, 2021
Limitation of Deductibility of Excessive Borrowing Expenses – New Anticipated Information of the General Financial Directorate Tax & Accounting

In 2019, Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices (ATAD) was transposed into Czech tax legislation....

Petra Vaněčková
| 9 min read | February 23, 2021
News on corporate income tax from 1 April 2019 Tax & Accounting

The news about an amendment of the tax laws of the so-called tax package, which amends a total of 10 acts, has appeared in the media several times already....

Petra Vaněčková
| 6 min read | April 5, 2019
How to account for reserves and when can reserves be deducted from the tax base? Accounting

How to account for reserves and when can reserves be deducted from the tax base?

Petra Vaněčková
| 1 min read | October 11, 2017
Tax eligibility of expenditure on promotional events Tax & Accounting

When you say promotional events, people will most frequently recall some event, where a company presents itself, its products or services with the aim of...

Petra Vaněčková
| 11 min read | August 31, 2017
Personal income tax return for 2016 Tax & Accounting

A year has gone by and the date for submitting personal income tax return statements for 2016 is near. When a natural person submits their tax return...

Petra Vaněčková
| 7 min read | March 9, 2017
Real estate tax – paved areas and their use for business purposes Tax & Accounting

Although the year 2017 does not bring any major changes in terms of the real estate tax, entrepreneurs should keep their eyes open anyway.

Petra Vaněčková
| 5 min read | January 13, 2017
Information of General Financial Directorate on extension of regime of tax liability transfer Tax & Accounting

Within the regime of the tax liability transfer when delivering selected kind of goods or when granting the selected service between two VAT payers in...

Petra Vaněčková
| 3 min read | April 17, 2015
Remission of sanctions by tax offices back in game Tax & Accounting

With effect from January 1st 2015 the legal regulation concerning remission of the individual tax appurtenance was adopted. This is encouraging news for the...

Petra Vaněčková
| 7 min read | April 3, 2015
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