Tax Advisory
2
Min. Reading Time
Country-by-Country Reporting (Report by country): reminder of obligations
Let us recall also "classic" Country-by-Country Reporting (CbCR) and the resulting obligations.The CbCR is enshrined in the Act on International Cooperation ...
Tax Advisory
2
Min. Reading Time
Changes in the Taxation of Income from the Sale of Securities and Shares are Forthcoming
From 2025, the range of taxed sales of ownership interests in companies will be extended for individuals. The change relates to income from the sale of secur...
Tax Advisory
2
Min. Reading Time
Amendment to the Investment Companies and Investment Funds Act
On 1 July 2024, an amendment to the Investment Companies and Investment Funds Act (hereinafter referred to as the "Investment Act") came into force. The amen...
Tax Advisory
3
Min. Reading Time
Public Country-by-Country Reporting – New Information Obligation for Selected Companies
The amendment to the Accounting Act, which was adopted as part of the so-called consolidation package, transposed the EU directive introducing Public Country...
Tax Advisory
1
Min. Reading Time
Amendment to the Top-up Tax Act is still awaiting First Reading
At the end of the summer, an amendment to Act No. 426/2023 Coll., on top-up taxes for large multinational enterprise groups and large domestic groups, was su...
Tax Advisory
2
Min. Reading Time
Current Trends in Transfer Pricing Controls
The General Financial Directorate (“GFD“) recently published a press release on transfer pricing. According to the Financial Administration, multinational...
Tax Advisory
2
Min. Reading Time
New Large Value Added Tax Amendment
The Ministry of Finance has introduced a significant amendment to the VAT Act, which was sent to the Government for discussion. Most of the changes are expec...
Tax Advisory
1
Min. Reading Time
Notification of entry into the unrealised exchange rate differences exclusion regime
From 2024, the Income Tax Act brings the option for taxpayers to exclude unrealised exchange rate differences from the tax base in the period in which they a...
Tax Advisory
1
Min. Reading Time
Limit on Tax Deductibility of Depreciation and VAT Deduction of a Company Car
As part of the consolidation package, one of the approved changes is the limitation of the purchase price of company cars to CZK 2 million (EUR 82k). The lim...
