News

BEPS or What is waiting for us As we informed you in our News no. 2/2016, the Organisation for Economic Co-operation and Development (OECD) issued the final package of reports concerning the Action Plan on Base Erosion and Profit Shifting (BEPS) in 2015. In 2016 the legislative process was underway to implement BEPS into EU legislation: please find below some […]

CbCR in the Czech Republic for the first time As we informed you in our previous news briefing, taxpayers are now obliged to submit a “Country-by-Country Report” (the “CbCR”) to the tax authorities. For your benefit, here is our basic overview of the issue. What? The answer seems obvious, yet is not. The amendment to the […]

Gift vouchers from the value added tax and electronic records of sales (EET) perspective As we informed you in our News No. 9/2017, the VAT Act provisions governing the taxation of gift vouchers were amended with effect from 1 July 2017. In July 2017 the Financial Administration issued information upon the particulars of this issue. […]

Key information concerning employment and employee taxation in Europe Do you know the income tax rate in Slovakia? How much employees and employers in Germany pay for social security insurance? The net wage difference between a single and a married employee with two children in Portugal? Which permits are required for work in Belgium? “Assignments to Europe […]

Effective ways to use artificial intelligence in tax issues We live in an information age characterized, among other things, by the introduction of increasingly developed technologies and artificial intelligence into all fields of human activity. Why should taxation be overlooked? When an otherwise reluctant state administration has made such a great progress towards automating communication with […]

AMENDMENT TO THE VAT ACT On 1 July 2017, the long-awaited amendment to the VAT Act will come into effect. The government presented this draft amendment to deputies for discussion as early as July 2016. Below are some changes the amendment will introduce. Unproven shortage The current VAT Act does not provide for a VAT regime […]

Take care not to commit an offence! Two new laws governing administrative criminal law were included in the Collection of Laws in 2016: Act No. 250/2016 Coll., on Liability for Offences and Offence Proceedings (“ZOdpP”), and Act No. 251/2016 Coll., on Certain Offences (“ZNP”). The existing Offence Act No. 200/1990 Coll. ceases to be in […]

Tax Surprises 2017 2016 was characterized by the introduction of control statements and the first phase of the electronic registration of sales. Elections to the Chamber of Deputies will be held in 2017. Despite – or perhaps because of – this fact, we must prepare for a further tightening of tax regulations. Although worldwide, most countries […]

EMPLOYMENT RELATIONS NEWS Late last year and early this year saw the adoption of  amendments to various legal regulations closely related to employment law and its associated relationships. Some of the amendments govern the obligations of corporations towards employees and state authorities. Some such points from recent months’ news are described below. In closing, we […]

Ministry of Finance Discussion Paper on the Implementation of the Anti-Tax Avoidance Directive Council Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market (Anti-Tax Avoidance Directive, ATAD) was adopted in July 2016. The Directive should be implemented by 31 December 2018, with the exception of […]