Tax News 
Search Results Total: 153 / Displayed: 1–20
Transfer of tax liability to subsidy recipients
The General Financial Directorate (“GFD”) has issued a standpoint on the impact of transferring the VAT liability to subsidy recipients.
The GFD specified that transferring the tax liability in no...
Delegating local competence
On 26 January 2011, the GFD published a standpoint on delegating local competence pursuant to tax rules. The GFD draws attention to the differences between delegating local competence and making...
Changes to the Czech Accounting Standards
In Financial Bulletin No. 9/2011, the Ministry of Finance published changes to the Czech Accounting Standards (“Standards”), including changes applicable to businesses and selected accounting...
Published Acts - Act on a Single Collection Point; Financial administration; Customs administration
The following acts, whose amendments we informed you about in the previous edition of Tax News, were published in the Collection of Laws.
Act on a Single Collection Point
Act on Establishment of a...
2012 VAT Changes
Increase of the Reduced Tax Rate
The existing reduced 10% tax rate shall be increased to 14%.
Where, for example, advances have already been paid in 2011, the additional payments shall be subject to...
Tax reform
The Senate has proposed amendments and returned to the Chamber of Deputies a draft bill on establishing a single collection point (the “SCP Bill”).
The most substantial amendment that was proposed...
Tax and customs administration reform
The Parliament has approved a draft bill on the financial administration of the Czech Republic, an act associated with adopting the Act on the Financial Administration of the Czech Republic (the...
Improved surface land tracts
The General Tax Directorate has issued detailed instructions regarding the amendment to the Real Estate Tax Act, which we informed our readers about in Tax News No. 7/2011.
As of 1 January 2012,...
Instructions from the General Tax Directorate regarding the Income Tax Act
The General Tax Directorate has issued up-to-date instruction No. GFŘ D-6, which shall replace instruction No. D-300 of 2006 and shall apply to the uniform procedure to enforce certain provisions of...
New International Treaties
Six treaties on the exchange of information in tax matters are currently in the legislative process. Treaties have been negotiated with Jersey, the Isle of Man, Guernsey, the Virgin Islands,...
From the Chamber of Deputies
Amendment to the VAT Act; Retirement reform; Health care reform
Guideline of the General Financial Directorate
On 2 November 2011 the General Financial Directorate (the “GFD”) issued Guideline GFŘ-D-5, which sets forth the procedure tax administrators should follow when implementing guarantees in tax...
Transformation act and accounting act
On 11 November 2011, an amendment to the Act on Transformations of Commercial Companies and Cooperatives and Related Acts (the “Amendment”), which was previously passed by the Parliament, was signed...
New International Agreements
Parliament is currently discussing four Double Tax Treaties (“Treaties”), principally the Treaties with the Kingdom of Bahrain and Hong Kong, which were executed in May and June of this year. ...
From the Chamber of Deputies
Liability for unpaid tax; Collective corrective tax document; Specialized Financial Office
New pensions calculation
In Tax News No. 7/2011, we briefly informed you that the President did not sign what is known as small pension reform, which was to reduce the limits for calculating pensions and increase the...
VAT
Corrected VAT applicable to receivables due from debtors in insolvency proceedings; Claim to tax deduction on the basis of a tax document provided by a tax-nonpayer; Definition of establishment pursuant to an EU Council Regulation
