Any parent company that has established, purchased or otherwise acquired a subsidiary must look very carefully at whether the costs it incurs on an ongoing basis in holding the subsidiary can be claimed as tax-deductible expenses.

Long-term provision of a car to an employee residing outside the Czech Republic may lead to VAT registration in another Member State.

If you send goods to other EU Member States ("EU MS") to end customers (B2C), you can look forward to the fact that from 1 July 2021 you will most likely no longer need to register for VAT there.

There has been a substantial softening in the rules governing the tax deductibility of interest expenses, including the thin capitalisation rules.

Johnny Hutchinson could tell you, from memory, that the Defenestration of Prague occurred on May 23, 1618, and it precipitated the Thirty Years' War...

Risks in the area of ​​taxes continue to increase unnoticed in the Czech Republic. Tax assessment does not have to end with the additional assessment of the tax. This is evidenced by the fact that the...

Proper accounting for grants, state aid and exchange rate differences in the financial statements carries significant risks. Accountants, tax advisors and auditors are paying close attention to it at this time.

On Friday, 18 December 2020, the OECD issued a document entitled "Guidance on the transfer pricing implications of the COVID-19 pandemic".

As the status of professional athletes is not regulated under Czech law, there is a need for legal interpretation on this matter.

In December, we informed you about the recommendations issued by the Organisation for Economic Co-operation and Development (OECD) in response to the impact of the Covid-19 pandemic on transfer pricing...

The OECD's Subject to Tax Rule (STTR) is being implemented through a Multilateral Convention, allowing source countries to impose additional taxation on cross-border payments between related parties when taxed below 9%. This treaty-based mechanism will reshape international financing, licensing, and service arrangements for multinational groups.

Our VAT expert provides details of an expansion to the reverse charge mechanism - for VAT purposes - for certain crops and cereal grains in the Czech Republic.

According to the Czech government, which is the petitioner of the amendment to the RE Transfer Tax Act, the amendment seeks to reduce the administrative burden connected with collection of the RE Transfer Tax.

In January and February 2014, companies considering investments in the Czech Republic will have a last opportunity to apply for investment incentives under a more favourable regime that allows for a ceiling of regional investment aid for large companies of up to 40%.

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It establishes this obligation towards the intermediaries of these arrangements, or the taxpayers themselves.

From 2021, employers can use the cash allowance for meals (the so-called lump-sum meal allowance) as one of the alternatives to the tax-advantaged meal voucher benefit. The General Financial Directorate (GFD)...

October 2020 – A long-debated government bill to abolish the real estate acquisition tax was signed into law by President Miloš Zeman on 18 September 2020.