Directive of the General Financial Directorate01/02/12 / cata_tax-news

Decree GFD D-8

The General Financial Directorate has issued Decree GFD D-8, which sets forth the uniform exchange rates for the 2011 taxation period to be applied for currency conversions by taxpayers who do not keep accounting books.

Foreign currencies that are not included in the exchange rate sheet shall be converted via a third currency agreed between the taxpayers or determined by a foreign currency expert. For a list of experts, see the Ministry of Justice’s website www.justice.cz.