Taxes and accounting

  • Pardoning VAT for supply of listed goods

    18. 3. 2021 Ludmila Benešová

    The Ministry of Finance has followed up on the current pardon of VAT pursuant to the Minister of Finance’s ruling on VAT pardoning due to special events, made public in Finanční zpravodaj No. 8/2021 on 1. 2. 2021, about which we had already informed you in our Newsletter No. 3/2021. If an obligation arises to…

    Read more
  • “Postponement” of deadlines for filing tax returns – a general pardon

    18. 3. 2021 Ludmila Benešová

    We would like to inform you that a general pardon was declared in Finanční zprvodaj (Financial Newsletter) 16/2021, enabling one to file (without penalty in the form of a fine for overdue tax statements) individual and corporate income tax returns (if the tax period is the calendar year) by 3. 5. 2021 where filing the…

    Read more
  • General pardon on obligations for VAT payers and identified persons

    8. 3. 2021 Petr Karpeles

    We would like to inform you as to new reliefs which were made public in Finanční zpravodaj (Financial Newsletter) No. 13/2021. The Minister of Finance has ruled on pardoning of fines A) for late filing of VAT tax returns for the February 2021 period and B) for late filing of supplementary VAT tax returns which…

    Read more
  • Intragroup transactions and the new OECD instruction for financial transactions

    18. 2. 2021 Petr Karpeles

    In connection with the issue of the instruction for transfer prices in financial transactions, which supplements the OECD Directive on transfer prices for multinational businesses and tax administrations (2017), we would like to draw attention to the fact that that one can expect the activity of tax administrators in the context of audit activity focused…

    Read more
  • Meal voucher flat fee – yes or no?

    15. 2. 2021 Jana Vítková

    As of 1st January 2021, the new institute of the so-called meal voucher flat fee was added to Czech legislation. In view of the fact that we are often asked by our clients as to its advantages or possible pitfalls, we would like to put forward several arguments which should be taken into account when…

    Read more
  • Meal voucher flat fee

    4. 2. 2021 Petr Karpeles

    The meal voucher flat fee was newly implemented into the Income Tax Act as of 1. 1. 2021. This is a tax-advantaged monetary contribution for providing meals to employees, provided by their employers. Providing a meal voucher flat fee thus leads to a rise in the employee’s net income. This is an alternative to canteen…

    Read more
  • Antivirus A, A plus, B Programs

    4. 2. 2021 Petr Karpeles

    On 21st December 2020, the government passed, by Ruling No. 1365, an extension of the period for the recognition of expenses in the Antivirus Program (Regime A, Regime B, Regime A Plus) to 28th February 2021. Antivirus A The support is designated for employees as compensation of expenses per employee who had to limit their…

    Read more
  • COVID – Gastro – Closed facilities

    4. 2. 2021 Petr Karpeles

    The program is designated for entrepreneurs (individuals or corporations) , whose performance of business activity has directly been limited on the basis of government measures from 14. 10. 2020 and who have employees or so-called “co-operating self-employed persons” (in Czech: “spolupracující OSVČ”). The program pertains to applicants who have been affected by crisis measures, thus…

    Read more
  • COVID-Rent III

    4. 2. 2021 Petr Karpeles

    The coronavirus pandemic continues to affect many fields of business, which is why the Ministry of Trade and Industry has prepared the third proclamation in the context of the COVID Rent program. Applications for support in the context of the 3rd proclamation will be accepted from 1. 2. 2021 and will be accepted until 1.…

    Read more
  • Abolition of the super-gross salary from 2021

    23. 12. 2020 Jana Vítková

    On 22 December 2020, the Members of Parliament approved an amendment to the Income Tax Act, which, among other things, introduces the abolition of the so-called super-gross salary. This means that the tax base for income from employment will be only gross income, i.e. without the increase in social and health insurance contributions paid by…

    Read more
1 2 3 4 5 7