Taxes

Amendment of the VAT act in E-Commerce takes effect on 1 October 2021

Amendment of the VAT act in E-Commerce takes effect on 1 October 2021

On 30 September 2021, an amendment of the VAT Act in e-commerce, which we have already informed about, in our previous article, was published in the Collection of Laws. The amendment was initially intended to take effect within the entire European…
Judgment of the SAC: Money in attorney's custody and the time of VAT payment

Judgment of the SAC: Money in attorney's custody and the time of VAT payment

On 20 August 2021, the Supreme Administrative Court (hereinafter the “SAC”) issued judgment file no. 2 Afs 274/2020 - 20, in which it dealt with the question of whether the sale of immovable property gives rise to the seller's obligation to declare…
Overview of the changes made in the conditions for foreigners staying on the territory of CR

Overview of the changes made in the conditions for foreigners staying on the territory of CR

The Parliament passed act no. 274/2021 Coll. on 13 July 2021 with effect from 2 August 2021 amending act no. 326/1999 Coll., on Residence of Foreigners on the Territory of the Czech Republic and on change of some acts as subsequently amended, and…
The impact of Brexit on personal income taxes, social insurance and labour law

The impact of Brexit on personal income taxes, social insurance and labour law

The United Kingdom of the Great Britain and Northern Ireland (hereinafter “the UK”) withdrew from the European Union (hereinafter “the EU”) on 31 January 2020, based on the Agreement on the withdrawal of the United Kingdom of Great Britain and…
1,296 people have not collected savings from the 2nd pillar of pension savings

1,296 people have not collected savings from the 2nd pillar of pension savings

In the year 2016, the 2nd pillar of pension savings ended, and in the year 2017, unsettled resources of the participants were transferred by pension companies to financial authorities. The Financial Administration points out that former participants…
Short-term rental on Airbnb = a business activity

Short-term rental on Airbnb = a business activity

A recently issued judgment file no. 6 Af 20/2020–28 of Prague Municipal Court confirmed the way of taxing income from providing short-term rental via the Internet platform Airbnb. In the judgment, Prague Municipal Court (hereinafter “the Court”)…
The most recent decision of the Supreme Administrative Court in the matter of determining the beneficial owner of the revenue

The most recent decision of the Supreme Administrative Court in the matter of determining the beneficial owner of the revenue

Here we would like to briefly acquaint you with the conclusions of a recent judgment of the Supreme Administrative Court 3 Afs 40/2018-68 from 27 August 2021, with which this court followed up on its earlier decisions in the matter of determining…
Investment incentives as real support, not an option of tax credit in the future?

Investment incentives as real support, not an option of tax credit in the future?

In August 2021, the Ministry of Industry and Trade (MoIT) presented a draft government decree to the Czech government, which changes government decree no. 221/2019 Coll., on performing some stipulations of the act on investment incentives, as…
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