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Amendment to the Labour Code

Amendment to the Labour Code

On the legislative process The long-discussed amendment to the Labour Code is almost here. The amendment to the Labour Code was discussed by the Senate in July and returned to the Chamber of Deputies with amendments. The amendment was discussed…
The Extended Chamber of the Supreme Administrative Court (SAC) has ruled: the subjective time limit for filing a supplementary tax return for lower tax does not apply

The Extended Chamber of the Supreme Administrative Court (SAC) has ruled: the subjective time limit for filing a supplementary tax return for lower tax does not apply

As we have previously informed you, a legal question has been submitted to the Extended Chamber of the Supreme Administrative Court (SAC) for consideration as to whether or not, in addition to the objective time limit corresponding to the time limit…
Consolidation package passes 2nd reading

Consolidation package passes 2nd reading

On 7 September 2023, the bill amending certain laws relating to the consolidation of public budgets passed its second reading in the Chamber of Deputies. The subject of the second reading included major government amendments, which we have already…
Introducing functional currency, ESG reporting or changing the definition of net turnover

Introducing functional currency, ESG reporting or changing the definition of net turnover

As we have already informed you on our website (including in this article), the intention of the government is, among other things, to introduce functional currency into accounting and ESG reporting. At the same time, an update of some concepts is…
Extraordinary autumn VAT deadlines

Extraordinary autumn VAT deadlines

With the autumn approaching, there are two important VAT deadlines – for VAT refunds and the creation or change of a VAT group. VAT refunds in the EU – 30 September 2023 If you paid local VAT in 2022 on goods or services bought in an EU country and…
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

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

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 the consolidation package and has, among other things, published one of the most important…
Tax credit for employee benefits remain. In what form?

Tax credit for employee benefits remain. In what form?

You probably have not missed the current debate on the final form of the tax recovery package, which was intensively discussed by the government together with representatives of trade unions and employers. A much-discussed topic is the fight over…
European Sustainability Reporting Standards (ESRS)

European Sustainability Reporting Standards (ESRS)

At the end of July 2023, the European Commission published the final report complementing the European Directive 2013/34/EU relating to corporate sustainability reporting. This is an obligation for large companies and listed SMEs as well as parent…
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