Tax News: 2008/03, No. 2  rss

Newsletter: Tax News – 2008/03, No. 2
Search Results Total: 8 / Displayed: 1–8

Income Tax

Tax News   1. 3. 2008 Link

The Ministry of Finance of the Czech Republic published Guideline No. D – 317 on average prices of fuel for calculating the amount of compensation for expenses in consumed fuel to determine income tax bases for the 2007 taxation period. Taxpayers can use these prices to determine tax expenses for consumed fuel, unless they apply expenses in documented amounts.

Real Estate Tax

Tax News   1. 3. 2008 Link
Upon expiration of the 2007 taxation period, exemption from the tax for constructions terminated for residential houses returned to individuals in restitution, residential houses owned by individuals...

International Tax Relations

Tax News   1. 3. 2008 Link

For the taxation period commencing 1 January 2008,  a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.

Discount Applied for Determination of Tax Advances

Tax News   1. 3. 2008 Link
Pursuant to authorization by the Income Tax Act, the Czech Ministry of Finance adopted a measure to eliminate hardship. In the event of tax non-residents (foreign employees), this measure regulates...

New Directives of the Council on VAT

Tax News   1. 3. 2008 Link

In February 2008, two new directives of the Council on VAT were approved. Council Directive 2008/8/EC fundamentally changes existing rules for determining the place of performance for services, i.e. determining EU member states for application of VAT. Most new rules shall be introduced from January 2010, and the remaining ones shall be introduced gradually up to 2015.

Concise Taxes

Tax News   1. 3. 2008 Link
On 20 February 2008, a decree was announced in the Collection of Laws on the method of calculating claims to refund concise tax paid for certain mineral oils consumed in primary agricultural...

Tax on Capital Contributions

Tax News   1. 3. 2008 Link

In February 2008, Directive 2008/7/EC on indirect taxes on capital contributions took force. Effective January 209, this directive cancels the original Council Directive 69/335/EEC on indirect taxes on capital contributions. This tax is applied in certain EU member states, but not in the Czech Republic.

Legislative Process

Tax News   1. 3. 2008 Link

The Chamber of Deputies of the Parliament of the Czech Republic is currently discussing amendments to the Value Added Tax Act and Income Tax Act.  We will inform you of these amendments in the next issue of Tax News.

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