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Petra Čechová | February 20, 2023

NAC has approved a new interpretation of I-48

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On January 16, 2023, the National Accounting Council (“NAC”) approved new Interpretation No. I-48, Valuation of Assets and Liabilities in Transactions with a Plant or Part of a Plant. This interpretation can be found on the NAC website –

One of the authors of this interpretation was our colleague, Ing. Alice Šrámková.

The Interpretation addresses issues relating to the suitability of recognising goodwill/valuation differences and how to determine the related depreciation period for acquired assets. At the same time, the issue of deferred tax and how it should be reported is also discussed.

Author: Petra Čechová