News

  • What are the tax consequences of Brexit?

    February 15, 2020

    The United Kingdom of Great Britain and Northern Ireland definitively forsake the European Union on January 31, 2020. This took place after prolonged negotiations based on the Withdrawal agreement...

  • New electronical system to notify sick leave "eNeschopenka"

    February 4, 2020

    As of 1 January 2020 a new electronic system called eNeschopenka came into force. It simplifies the communication among doctors, employers, social security office and unfit employees who are entitled to sick leave...

  • Tax and social security news in 2020

    January 31, 2020

    The last wave of connection to electronic sales records concerning liberal professions, crafts, transport, agriculture and some manufacturing activities is coming into force in May. Small enterpreneurs may use advantage from the possibility of having the evidence in paper form...

  • EU introduces new system of tax dispute resolution

    October 3, 2019

    As of July 1st a new system of rules comes into force to ensure quicker and more effective resolution of tax disputes between Member States. It includes especially double taxation issues and interpretation and application of international agreements on elimination of double taxation...

  • Tax news for the year 2019

    January 8, 2019

    At the end of the last year, the Chamber of Deputies approved the so-called tax package, which amends especially the Income Tax Act, the Value Added Tax Act and the Tax Code. Most of the changes brought by the tax package will come into effect during 2019...

  • Country by country reporting – What is it about?

    October 9, 2017

    Europe union accepted Council Directive (EU) 2016/881 of 25 May 2016 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation. This directive is about obligation for companies from multinational groups sharing accounting and other tax information, which is called Country by country reporting (further only “CbCR”)...

  • Amendment to the Act on auditors has already come into effect

    October 6, 2016

    As of October, 1st, amendment to the Act on Auditors has come into effect. The amendment applies European directive 2014/56/ effective from June 2014 which transforms the former European directive 2006/43/ES on mandatory audits of yearly and consolidated financial statements together with Regulation (EU) No 537/2014 of the European Parliament and the Council on specific requirements regarding statutory audit of public-interest entities...

  • Regulation „eIDAS“ – have you already heard about it?

    June 27, 2016

    New regulation (EU) No 910/2014 of the European Parliament and of the Council of 23 July 2014 on electronic identification and trust services for electronic transactions in the internal market becomes effective as of July 1st (also called Regulation eIDAS). The goal of the regulation is building of digital single market and creating appropriate conditions for the mutual recognition of key enablers across borders, such as electronic identification, electronic documents, electronic signatures and electronic delivery services, and for interoperable e-government services across the European Union...

  • Consumers can solve disputes by using alternative dispute resolution

    April 12, 2016

    As of 1st February 2016 it came into effect an amendment of the Consumer protection law which enables to solve disputes between consumers and sellers by using alternative dispute resolution. Sellers are obliged to inform consumers that there are new ways of alternative dispute resolutions...

  • EU-Commission decides selective tax advantages for Fiat in Luxembourg and Starbucks in the Netherlands are illegal under EU state aid rules

    November 2, 2015

    The EU- Commission has concluded that selective tax advantages provided by local tax authorities for Fiat in Luxembourg and Starbucks in the Netherlands are illegal under EU state aid rules. The tax authorities issued tax rulings which artificially lowered the tax paid by the company...

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