Taxes

War Tax or Exceptional Gains Tax:  who is at risk?

War Tax or Exceptional Gains Tax: who is at risk?

Government parties are currently discussing the possible introduction of a special tax targeting windfall or extraordinary profits. According to the government, these gains are mainly arise for the energy sector and banks as a result of the war in…
Legislative news in VAT

Legislative news in VAT

In addition to the planned increase in the turnover for compulsory VAT registration from one to two million CZK, which we have already informed you about, we would like to draw your attention to other legislative news concerning VAT, namely one…
Reporting obligation under DAC 6: news and clarifications from the GFD

Reporting obligation under DAC 6: news and clarifications from the GFD

The General Financial Directorate has published an addition to the frequently asked questions and answers in relation to the reporting obligation on notifiable cross-border arrangements (DAC 6). We highlight the most important insights in the…
Investment incentives without politicians?

Investment incentives without politicians?

At the beginning of August 2022, the Government of the Czech Republic prepared an amendment to the Investment Incentives Act. This amendment is now subject to the comment procedure. The amendment focuses on the following two changes: a)   …
Extensive amendment to the Excise Tax Act

Extensive amendment to the Excise Tax Act

In February 2023, a relatively comprehensive amendment to the Excise Tax Act will come into force. In addition to the novelties that implement the EU Directive concerning the general arrangements for excise duty, the amendment also contains a number…
Occasional sale of alcohol is punishable by a fine of up to eight hundred thousand crowns

Occasional sale of alcohol is punishable by a fine of up to eight hundred thousand crowns

The Customs Authority has issued a warning regarding occasional sale of alcohol at public events. Occasional sale of alcohol is only possible at wine tasting, partially fermented grape juice tasting, farmer’s and traditional markets, festivals open…
“Non-forfeitable amount” The Supreme Court has unified the interpretation of this term

“Non-forfeitable amount” The Supreme Court has unified the interpretation of this term

The normative monthly housing costs are updated at the beginning of each year. Due to rising energy prices, they have already been increased three times in 2022. However, the Act did not clearly stipulate whether the increased amount of the…
Insurance premium for a low-emission motor vehicle provided to an employee for private purposes

Insurance premium for a low-emission motor vehicle provided to an employee for private purposes

The Chamber of Tax Consultants contacted the General Health Insurance Company (hereinafter “VZP”) and the Czech Social Security Administration (hereinafter “CSSA”) with a request to provide methodological guidance on how insurance premium payers…
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