By Tomáš Klíma | 15 April 2021

Retroactive application of tax loss

As part of the so-called coronavirus package, an amendment to the Income Tax Act came into force, which introduced a complete novelty to Czech tax law: the retroactive application of a tax loss. Until 2020, the tax loss could be deducted... Read More

By Filip Lukačovič | 15 April 2021

Changes introduced by the Act on the Registration of Beneficial Owners from 1 June 2021

With effect from 1 June 2021, a new Act No. 37/2021 Coll., on the Registration of Beneficial Owners, was promulgated to implement European regulations into Czech law. The Act primarily aims to streamline and simplify the registration of... Read More

By Tomáš Klíma | 15 April 2021

Remember the amendment to the Business Corporations Act?

Issue 9/2020 of our Newsletter drew attention to the changes that will be introduced by the amendment to Act No. 90/2012 Coll., on Business Corporations (the "BCA"). On 1 January 2021, this amendment came into force and... Read More

By Stanislav Klika | 15 April 2021

The Whistleblowing Act

At its meeting on 1 February 2021, the government took another step towards the adoption of a law on the protection of whistleblowers (the Whistleblowing Act). The new law is intended to transpose into Czech law Directive (EU) 2019/1937... Read More

By Štěpán Kleček | 10 March 2021

Compensation: Is there hope on the horizon for entrepreneurs?

Is your business shut down due to government anti-epidemic measures? The first promising answers to the question of damages are provided by the anti-epidemic law. Read More

By Vít Křivánek | 10 March 2021

Deadlines for filing tax returns

The largest ever amendment to the Tax Code also introduced new deadlines for filing tax returns. To which returns will they be applied, by when, and how will we file these returns starting in the 2020 tax period? They will affect... Read More

By Lenka Lopatová | 10 March 2021

ATAD issues in corporate income tax returns

When compiling a tax return for 2020, you must remember four new provisions that were implemented into the Czech tax legislation already in 2019 at the initiative of the Organisation for Economic Cooperation and Development. Aimed at... Read More

By Jiří Pospíšil | 10 March 2021

Exchange rate differences and subsidies in the financial statements

Proper accounting for grants, state aid and exchange rate differences in financial statements carries significant risks. Accountants, tax advisors and auditors are paying close attention to it right now. New interpretations of I-42 and I... Read More

By Jan Tuček | 15 February 2021

Additional assessment of tax as a prelude to criminal proceedings

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 Financial Administration sent an... Read More

By Michaela Srpová | 15 February 2021

Practical application of changes in depreciation of fixed assets

As of 1 January 2021, an amendment to the Income Tax Act entered into force, which brought three basic changes in the area of ​​fixed assets - an increase in the acquisition price of tax-depreciated tangible assets, the possibility of... Read More