News

Second WTS Tax Bridge: Establishing a Company in Central and Eastern Europe. We would like to introduce you to the second issue of the WTS Tax Bridge newsletter for Central and Eastern Europe. The quarterly WTS Tax Bridge newsletter will deal with interesting tax and legal topics from the perspective of different Central and Eastern European […]

2019 Tax Package People tend to be more relaxed than busy in these sultry summer days and it’s the silly season in the media. However, tax specialists can’t complain about having nothing to do. In June, the Government adopted a set of tax amendments traditionally referred to as the ‘tax package’. This tax package, containing, in […]

First WTS Tax Bridge: Issue Permanent Establishments in Central and Eastern Europe We would like to introduce you to the first issue of the WTS Tax Bridge newsletter for Central and Eastern Europe. The quarterly WTS Tax Bridge newsletter will deal with interesting tax and legal topics from the perspective of different Central and Eastern […]

Pros and cons of the amendment to the Construction Act The amendment to the Construction Act came into force on 1 January 2018. It aims to simplify and accelerate building permit procedures. Efforts have been made to make life easier for all building owners. For now, we can only estimate to what extent the legislators have […]

Amendment to the Act on the Electronic Registration of Sales The Constitutional Court has decided to cancel certain provisions of the Act on the Electronic Registration of Sales (EET), acting on a proposal from a group of deputies. The major changes and anticipated legislative measures are described below. What will change and from when will the changes […]

Stricter conditions for VAT exemption of services directly related to the export or import of goods The General Financial Directorate has published Information on the application of VAT to services directly related to the import and export of goods exempt from VAT within the meaning of Sec. 69 of the VAT Act. The Information was issued […]

Registration of beneficial owners All legal entities entered in public registers, in particular trading companies registered in the commercial register, will have a new obligation from the beginning of next year. With effect from 1 January 2018, information regarding the beneficial owners of legal entities must be registered (“registration of beneficial owners”). Implementation of this […]

International tax news in WTS Global publications We would like to inform you of three newsletters recently published by WTS Global: International WTS Journal, Transfer Pricing Newsletter and WTS Global VAT Newsletter. Tax Control Framework The latest issue of the International WTS Journal deals with the “Tax Control Framework” (TCF) – internal VAT control procedures designed […]

WTS Alfery’s excellent ranking in the “World Transfer Pricing“ In recent years, transfer pricing has been one of the most important areas under close scrutiny by individual countries’ tax administrations, including the Czech Republic. At the same time, transfer pricing is one of the most complex areas requiring more than mere knowledge of tax provisions. […]

New obligations under General Data Protection Regulation (GDPR) Legal basis and principles of GDPR On 27 April 2016 Regulation (EU) 2016/679 of the European Parliament and of the Council, General Data Protection Regulation (the “Regulation“ or “GDPR“) was adopted. This Regulation is directly applicable in all Member States and constitutes the legal framework for personal data […]