The obligation to keep a logbook applies to all self-employed person and companies claiming VAT deductions on the use of a car for business purposes. To avoid rankling the tax authorities, it is a good idea to follow a few guidelines. How does the logbook itself affect tax, who is affected by it,...
The Act on Equalisation Taxes for the Purposes of Ensuring a Minimum Level of Taxation of Large Multinational Groups and Large Domestic Groups (the "Act") is currently undergoing a comment procedure, after which it will go to Parliament with expected effect from 31 December 2023.
The Czech Labour Code is likely to see significant changes again. In April 2023, the government approved after a revised draft amendment, which will affect the rights and obligations of employees and employers in many areas.On the one hand, the amendment reflects the European regulation of the...
The European DORA Directive, which is binding for the Czech Republic and all other Member States, aims to protect banks, other financial institutions and the accounts of millions of people. The EU is responding to the growing number of cyber attacks. It therefore sets clear rules for financial...
For 2 and a half years, experts have been governed by a new law - Act No. 254/2019 Coll. on Experts, Expert Offices and Expert Institutes. The law is supposed to help to improve the quality of expert opinions. The main tool is the way of preparing the opinion. The report has a new detailed...
The Czech government has published a draft of the so-called consolidation package, which includes relatively substantial changes to certain provisions of tax laws with effect from 1 January 2024. The draft law is at the beginning of the legislative process and its final form is therefore not yet...
The economic dynamism we have seen in recent years is unprecedented for many decades. The effects of Covid, the collapse of supply chains, the retreat from globalisation and offshoring, monetary and fiscal imbalances and inflationary pressures with the risk of stagflation, high interest rates...
The bill on the extraordinary waiver and extinction of certain tax arrears, approved by the government at the end of January this year, began to be discussed in the Chamber of Deputies at the end of May. At present, the legislative proposal is after the second reading and, taking into account...