Optimising your compliance efforts and reporting to gain a competitive edgeIn a world overflowing with cyber threats, customers and partners want to be assured that their service providers are on top of the latest cyber security and privacy related risks. That’s why it’s critical for these...
Third party attestation (TPA) involves certifying the processes of outsourced service providers to ensure the proper procedures are being followed. As organizations deal with a rapidly evolving set of risks and challenges—and increasingly outsource non-core activities—TPA has become an...
Czech industry is experiencing an unprecedented situation with electricity prices. As a result of the enormous increase in the price of electricity, governments within the EU have adopted measures setting a maximum price for electricity for companies. In the process of creating the measures...
The 2023 Tax Package (Act No. 366/2022 Coll.), which was published in the Collection of Laws on 2 December 2022, also brought changes to the Income Tax Act (the "ITA") with effect from 1 January 2023. Below is a basic overview of these changes.
Although the big amendment to the VAT Act has been postponed, 2022 brought some interesting innovations in the field of VAT. Below I would like to summarise the most important ones in my opinion.
My colleagues have prepared for you the main news from the field of VAT and income tax for 2023 in the following articles of this edition of the newsletter. I will try to briefly and appropriately follow up on my colleagues' work with a discussion of other changes that the legislators have...
Reporting on the carbon footprint of an organisation, product or service is an important part of ESG reporting under the "E" (Environmental) reporting area. For the purposes of measurement and follow-up, emissions are generally broken down according to the extent to which the company can...
After crossing the border into the European Union, the goods must be placed under one of the customs procedures. For goods that are not immediately released for free circulation, this is most often the transit procedure. This is then terminated in the country of destination by release for free...