Publications

Survey on electronic invoicing and automated invoice processing

Survey on electronic invoicing and automated invoice processing

Dear Clients, we would like to invite you to participate in a survey on electronic invoicing and automated invoice processing conducted by Grant Thornton Hungary and Central European countries such as the Czech Republic, Slovakia, Germany, Austria…
Windfall tax and other amendments from the tax package approved by the Senate

Windfall tax and other amendments from the tax package approved by the Senate

At its meeting on 24 November 2022, the Senate approved a tax package that included a proposal for a Windfall Tax (tax on extraordinary profits) in the wording approved by the Chamber of Deputies. Therefore, the conclusions, which we have informed…
Chamber of Auditors on the draft of the new Accounting Act – changes to the statutory audit

Chamber of Auditors on the draft of the new Accounting Act – changes to the statutory audit

The Chamber of Auditors of the Czech Republic (hereinafter the “CCA”) has published on its website its statement in connection with the proposal of the new accounting act, which is being prepared by the Ministry of Finance of the Czech Republic to…
Amendment to the Income Tax Act – legal entities

Amendment to the Income Tax Act – legal entities

On 4 November 2022, the Chamber of Deputies of the Czech Republic approved in the third reading a draft amendment to Act No. 586/1992 Coll., on Income Taxes, as amended (hereinafter referred to as the “ITA”), registered as Parliamentary Print No.…
New developments in personal income tax 2023

New developments in personal income tax 2023

On 4 November 2022, the Chamber of Deputies approved an amendment to the Income Tax Act (ITA) and the Value Added Tax Act (VAT) – Parliamentary Print No. 254. The proposal was forwarded to the Senate for consideration. In this article, we will…
New reporting obligation for digital platforms (DAC 7) signed by the President

New reporting obligation for digital platforms (DAC 7) signed by the President

On 16 November 2022, the President signed the approved amendment to the Act on Administrative Cooperation in the Field of Taxes, which introduces a reporting obligation for digital platforms that we informed you about here. The implementation of DAC…
Counting time in the conflict between the Electronic Transactions Act and the Code of Tax Procedures

Counting time in the conflict between the Electronic Transactions Act and the Code of Tax Procedures

“When writing their final written test, students can also use a calculator and a calendar.” This is one of the rules a law student reads when preparing for the final written exam. A passer-by might ask why a student brings a calendar to an exam in…
Unfair practices of traders in the light of the amendment to the Consumer Protection Act

Unfair practices of traders in the light of the amendment to the Consumer Protection Act

On 3 November 2022, the Senate approved the government’s amendment to the Consumer Protection Act and the Civil Code (link). The amendment was delivered to the President of the Republic a week later and awaits only his signature and promulgation.…
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