Setting up a company can be an administratively demanding process. Increasing levels of digitalisation are making it possible to handle more matters remotely. Nevertheless, there are still some issues that businesses must deal with person, either at a notary or at the Trade Licensing Office.
In the context of the current wave of solidarity and donations in support of Ukraine, the Tax Administration has issued information on the possibilities of tax relief in the field of VAT. But there are no concessions yet. The tax administrator only summarises the current related VAT legislation...
In the fall of 2020, the National Accounting Standards Board issued Interpretations I-42 and I-43 regarding foreign currency receivables with an allowance and advances denominated in foreign currency. These interpretations resonated significantly, particularly during the financial statement...
The General Financial Directorate (GFD) issued Information on the tax assessment of cryptocurrency transactions. This Information, which follows the already issued Communication of the Ministry of Finance on accounting and reporting of digital currencies from 2018, summarises the relatively...
The Doing Business Guide 2022 is the updated edition of a series of annual guidelines providing information about changes with regard to taxes, legal forms, accounting and business practices in the Czech Republic. In addition the Guide offers a brief historical, geographical and political...
6 February 2022 marked 30 years since BDO was entered into the Commercial Register of the then still Czechoslovak Federal Republic. A lot has changed since then, both in terms of the business environment and the market, the huge advances in technology, but also within the company itself, which...
Archive of all news related to value added tax (VAT) and EET for 2021. Everything you need to know about changes in VAT in the Czech Rep.ublic clearly sorted by month.