Breakthrough Tax Resolution. Euro No. 37/201015/09/10 / Publications

Helena Navrátilová, head of the KSB tax team, commented on one of the most recent judgments of the Supreme Administrative Court for the law and taxes section of the weekly Euro. The court has come to the conclusion that interests and other costs of a public limited company in connection with receipt of, and drawing on a loan used to pay dividends to shareholders can be considered as tax deductible.

More information can be found on such breakthrough resolution and whether it also applies to private limited companies or to payment of shares of profit for participants from the firm’s own sources in the article that can be downloaded here (in Czech only):