In its judgment of 13 May 2020, the Supreme Administrative Court (SAC) rejected the previous years of practice by tax authorities as regards the so-called chaining of tax losses. A team of legal and tax specialists from BDO, led by Lenka Lopatová, Vít Křivánek and Jiří Šmatlák, challenged the...
Last year, the Government of the Czech Republic presented the Concept of Development of the Czech Capital Market with the aim of increasing its competitiveness. The intention is to motivate higher use of the capital market in comparison to the money market and to reduce the outflow of investment...
New VAT rates apply to selected services from 1 May 2020. Services that now fall under the lowest tax rate (10%) can be divided into three categories: (i) catering services; (ii) services with a high proportion of human labour; and (iii) other services.
The draft of an extensive amendment to the Tax Code, which the Senate returned to the Chamber of Deputies with amendments, was not approved on 22 April 2020 in either the Senate or the Chamber of Deputies. The whole long-prepared amendment thus fell under the table.
The Chamber of Deputies supported the draft amendment to Act No. 159/2020 Coll., On the Compensation Bonus (hereinafter referred to as the “Act”). If the draft is approved, the Financial Administration will start to pay a compensation bonus for partners of small companies. The compensation bonus...
Each quarter we analyse global mid-market deal activity across a number of major regions and selected sectors around the world; we offer you a satellite view of how the M&A market is evolving – and where it appears to be heading.
On Wednesday morning, April 22, 2020, the Chamber of Deputies discussed, but did not approve the amendment to the Tax Code with the necessary majority. The draft amendment to the Tax Code had previously been passed by the Senate, which proposed its amendments. The deputies did not approve either...