News
The deadline for VAT refunds from other EU countries is approaching
If you paid local VAT in 2021 on goods or services purchased in an EU country and you use such supplies for your business, you can claim a VAT refund. The refund option is often forgotten by businesses, so we would like to remind you that the…
Case Law Taxation of wages paid illicitly
The Supreme Administrative Court (hereinafter the SAC) dealt with an appeal in cassation between an plaintiff (ADL PRANA s.r.o.) and a defendant (the Appellate Financial Directorate) concerning additional assessment of income tax on the income of a…
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…
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) …
New travel cost reimbursement rates from 20 August 2022 and meal allowance
Although travel reimbursement rates used to be regularly announced at the beginning of the calendar year, unfavourable economic developments and price increases caused travel reimbursement rates to be updated earlier in the year. Decree No. 237…
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
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…
End of the obligation to blend biofuels into fuel
The obligation to blend biofuels into fuel ended in July. The addition of bio-components will thus remain on a voluntary basis only. This is another of the measures the government expects to make fuel cheaper, among other things. According to an…