Newsletter

VAT news
Accounting news
Amendment to the Income Tax Act in response to the amendment to the Accounting Act
Amendment to the Tax Code

Social events provided by the employer
Appreciation of the corporate nursery benefit
Contracts for work – news in 2025
Exemption on the meal allowance for pensioners as former employees
Notification of exempt income from the sale of real estate used for own housing purposes
Amendment to the Investment Companies and Investment Funds Act (the “ICIF”)
Amendment on compensatory taxes
Judgement of the Supreme Administrative Court (the SAC) – the beneficial owner of royalties
Detailed documentation for R&D deductions is essential to be able to claim tax benefit

Changes to income tax
Changes to VAT
Increase in the real estate tax rate
Increase in the excise tax on tobacco products
Increase in the assessment base for insurance for self-employed persons
Other changes

New reporting obligation to the social security administration from 1 April 2023
New conditions for submitting tax returns
Insurance of employees engaged in “teleworking“
Obligations of accommodation providers
Windfall tax
Planned amendment to the Incentive Act
Global minimum tax

News in the area of employee taxation

New guideline D-59 on the Income Tax Act

Introducing a minimum tax rate in the EU

Court decision on the deductibility of interest on a loan given for the purpose of acquiring a share in a business

Changes to income tax
Amendment to the VAT Act
Data boxes mandatory for all self-employed persons
Road tax

Discount on social security for part-time employment
New rules for taxation of employee low-emission cars
The GDF added new information on the reporting obligation under DAC 6, including examples
Increase in default interest - can it be reduced?
R&D deductions and questionable issues
The risk of the so-called švarc system even in the case of a work contract between legal persons
Is a member of a statutory body liable for unpaid VAT?

Income tax - donations provided to Ukraine
Income tax – tax advantages for low-emission vehicles
Road tax – general waiver of the 2022 deposits and termination of road tax for cars and buses
Excise tax – temporary decrease of excise tax on fuel
VAT – increasing the turnover limit to CZK 2 million for mandatory registration
Case law – creation of a permanent establishment in the case of subsidiaries

VAT refunds from Great Britain
Financial contribution to catering
Pension Information App
Increase in tax advantages for second and all subsequent children, cancelling the limit for a tax bonus
Czech tax on digital services
Two-pillar reform of international taxation

Waiving the right to use a tax loss in the future
Special “One-Stop-Shop” regime
Recommendation of the OECD regarding the impact of COVID-19 on transfer pricing
News in the area of application of the DAC 6 directive

Temporary increase in the limit for deducting donations from the tax base
Change to the tax depreciation of assets
Meal voucher allowance
Eliminating super-gross salary and a change in the basic relief for income tax
Retroactive use of past tax losses
Automatic extension of the income tax return deadline for electronic submissions
Introducing the site MOJE daně (MY taxes)
Road tax return and real estate tax return – postponing the deadline for submissions
Decision to waive VAT on respirators

Zrušení daně z nabytí nemovitých věcí
Novela zákona o dani z přidané hodnoty účinná od 1. září 2020
Povinnost hradit zálohy na pojistné na důchodové pojištění
Přehled o příjmech a výdajích za rok 2019 se musel podat do 18. září 2020
Oznamovací povinnost dle DAC 6
Národní účetní rada aktualizovala interpretaci I-40

Anti-crisis tax package
Direct support of associates in small firms (“s.r.o.”) – the compensation bonus
Abolition of real estate transfer tax
Remission of social security payments made by companies with under 50 employees
Penalties on social security
Penalties on health insurance
Electronic registration of sales (ERS)
Legal 500

Government support for the economy: taxes and insurance,
Economic support of employees, self-employed persons and companies

The electronic registration of sales will affect more entrepreneurs
Amendment to the Tax Code 2020

Zavedení plošného reverse-charge od 1. července 2020 do 30. června 2022
Kupujete nový byt v rodinném domě? Nově budete osvobození od daně z nabytí nemovitosti
Desetiprocentní sazba DPH na některé zboží a služby
Rozšíření elektronické evidence tržeb (EET) na další obory

Tax package becomes effective on 1 April 2019
Notification of income sent abroad and exempt from withholding tax
KempHoogstad in the 2019 edition of Legal 500

Expense allowances for self-employed persons higher again from 2019?
Foreign mandatory insurance paid by employer and super-gross salary
Brexit and its tax context still a big question

Inspection done by financial administration – do you tax your income from Airbnb correctly?
Refund of claimed VAT deductions on substantial real estate repairs
Is renting flats, family houses, or residential premises always VAT exempt?

Development of the upcoming amendment of the 2019 tax laws and other proposed changes

Changes to income tax in 2019 under preparation: the taxation of physical persons and legal entities from 2019, amounts of expense allowances for self-employed persons and persons with income from renting real estate in the 2017 tax returns

The Constitutional Court’s judgement regarding some aspects of the ERS, real estate transfer tax from agreed price always VAT exclusive, providing accommodation via internet platforms, trust funds and their use in real life

Aspects of guaranteeing for unpaid VAT, case law: VAT and real estate transfer tax base, classification of supply transports within the EU and VAT exemption

The amendments to tax laws already was published in the Collection of Laws on 16 June and will become effective from 1 July 2017. Most of the changes to value added tax regulations will be effective as of the mentioned date. A majority of the changes to income tax will not be reflected until the 2018 tax period (or the tax period beginning on 1 July 2017 or later if the tax period is a fiscal year).
The General Financial Directorate published opinions on the impossibility of the exemption of the transfer of apartment units not located in residential buildings and on the tax regime of individuals operating photovoltaic power stations. Those opinions react to certain discrepancies in wording of acts and the original lawmakers' intention. The important thing is that the tax administration used originally also an approach different than those presented in the new opinions. This can cause certain complications for the affected tax payers.

Contents: Amendment to tax laws finally approved, prepared changes to international measures against tax evasion, information published by the General Financial Directorate

Expected Changes in Tax Regulations for 2017: Income Tax Act, Value Added Tax Act, and the Tax Code.

The Act on Proving the Origin of Property, Guidance notes regarding the electronic registration of sales, Amendment to the Real Estate Acquisition Tax Act, Changes to VAT

Act no. 112/2016 Coll. on the Electronic Record-keeping of Cash Sales has been approved and selected entities will be obliged to record their cash sales electronically (ERKCS) from the end of the year. What do you know about the electronic record-keeping of cash sales? Those who think that the electronic record-keeping does not relate to them perhaps only know that it will concern sending electronic data about cash sales to the financial authority and issuing receipts which will be traceable in the electronic register of the tax administrator. Those who are concerned with the ERKCS probably know much more.

Approved tax changes, amendments under way, prepared tax changes, closed coordination committees

Reverse charge mechanism in the supply of electricity, gas and supply of electricity certificates, electronic records of sales - development of the draft law, planned VAT changes, proposed mitigation of penalties related to the inspection report, information from the General Directorate of Finance on the application of VAT on immovable assets, income tax return for the 2015 tax period, changes related to the audit duty

Certain issues and their interpretation: lease of space and parking places – VAT application, VAT on induced investments from the income tax point of view, VAT exemption applied on providing retraining. Overview of approved changes for 2016: VAT exemption for the supply of real estate, inspection reporting duty and electronic submission of VAT returns, amendment to the Accounting Act and related amendments, amendment to the Real Estate Tax Act.

Application of VAT for real estate, outline of changes to income tax, changes to excise tax, reminder relating to the inspection report duty.

The General Financial Directorate informs about the inspection report, amendment to the Investment Incentive Act, Amendment to the Real Estate Tax Act, proposal for nationwide operation of Financial and Customs office.

Electronic submission obligation, changes to income taxes and VAT, amendment to the Acoounting Act, bill on electronic record-keeping of cash sales

Amendments to the VAT Act and the Income Tax Act, tax relief for pensioners for 2013, OECD's guidelines regrding transfer pricing, act on evidencing the source of property

Changes in value added tax, changes in income tax, concurrent functions, tax relief for pensioners, minimum wage, restrictions on payments in cash, tax office bank accounts, sharing information on the recipients of bank payments

Like almost every year, this upcoming January will be marked by numerous legislative changes that may affect your business. This year's novelties are also underpinned by a new civil legislation (particularly the entirely new Civil Code - the “New Civil Code” and the Business Corporations Act). Below we provide an overview of the most important changes in the fields of taxes and accounting.

In 2014, there will be important changes in VAT relating to the sale of land.
The sale of land that is value added tax exempt in 2013 may be taxed with the base tax rate under certain conditions. This change will significantly influence the prices of land sold to individuals who cannot reclaim VAT, so the mentioned change will increase the prices of land. As for VAT payers, the change influences the cash flow at sale.
Naturally, all depends on whether the proposed legal modification is approved in the legislative process, but we can assume it will be approved.
The article is written by Olga Holubová, a VAT specialist who is one of the most respected experts in the field in the Czech Republic.

Changes to legislation are proposed and approved practically every year, and there are numerous changes prepared for 2014 as well. Currently, the Chamber of Deputies is debating over several draft acts relating to the re-codification of private law, which will come into effect on 1 January 2014.

Higher tax burdens on employees with above-average incomes, financial administration of the Czech Republic, directive issued by the General Financial Directorate no. D - 10 on services with low added value provided between related entities/associated firms, the General Financial Directorate informs on the Czech tax administration's involvement in pension reform, new rules for deferral of accessions of tax.

Approval of the technical amendment to the VAT Act, changes proposed in the budget packet, measures to tackle late payments, amendment to the Accounting Guidelines for Entrepreneurs, estimated value of bonuses for employees.

Approval of Act no. 458/2011 Coll. on changes to acts relating to the establishment of a single collection point - future changes with a fundamental impact on tax rates, more rigorous collection of taxes and arrears by tax authorities - inspections relating to the "svarc-system", new treaties between the Czech Republic and tax havens on the exchange of tax related information

Remuneration to employees and company management, value added tax, creation of a specialised financial office, real estate tax for solidified surfaces, further tax developments

VAT and a new EU Directive, real estate tax - hard surfaces, international taxation - new treaty with China, VAT - bonuses and discounts, VAT - insolvency proceedings, accounting: foreign currency receivables and obligations, and conditional investment expenditures

The validity of the VAT Amendment (the obligation to keep a tax document after a deduction is claimed, the possibility to adjust the tax for receivables during insolvency proceedings, tax guarantee, VAT in the case of bonuses to recipients), aspects of an employment simultaneous with a statutory body function

Income tax, Reserves Act, new fee for solar power plants, triple tax amendment - gift tax, VAT, Tax Code, accounting regulations, sickness insurance

Planned changes in the Czech tax system in 2011 and 2012, creation of specialised Financial Offices, VAT and Tax Code, interruption of trade licence activities, cancellation of the obligation to keep accounts for photovoltaic projects

VAT Act amendment - employment benefits, new rules for coordinating social security in the EU (overlapping work in more EU states, sending workers abroad, electronic certificates and exchange of information), real estate tax amendment, SAC decision on dividend financing