Czech Republic



VAT as a part of the real estate acquisition tax base – continued

As presumed in our previous newsletter, the case of the village of Střelské Hoštice continues with a rather nice surprise. This time, however, the surprise came from the tax administration itself. The tax administration published a new press release on 24 November 2011 in which it significantly expanded on its original statement of September 2017. More […]

Is VAT included in the real estate acquisition tax base?

The principle of the benefit of the doubt has helped many taxpayers to save on tax. However, the taxpayer must usually enforce the principle by legal action. This was the case of the village of Střelské Hoštice that has recently attracted much media attention. What was it about and what effects does it have on […]

Combating tax ‘optimisation’ – Implementation of the ATA Directive (EU, CR)

Another tool used by the Czech tax administration to combat tax evasion is the ongoing implementation of the ATA Directive (Council Directive (EU) 2016/1164 laying down rules against tax avoidance practices) that is to be completed by 31 December 2018. Primarily, the Directive lays down new rules for the tax-deductibility of interest expenses. The rules are […]

Fight against tax ‘optimisation’ – country-by-country reports starting to look clearer in the Czech Republic

The Czech Chamber of Deputies approved an amendment proposed by the government to the International Cooperation in Tax Administration Act. The bill introduces an obligation of country-by-country reporting (CBCR). What does CBCR involve? And what effect can it have on you? On 12 July 2017, the Czech Chamber of Deputies approved in a third reading […]

Transfer pricing in the light of Trump’s tax reforms

Following Donald Trump’s inauguration last Friday, many businesses are keenly awaiting the effect the tax policy announced by the president will have on them. Prepared in association with our colleague Ken Almand of RSM UK, this article describes what Trump’s tax plan will change. The main change is a cut in the US corporate tax […]

Real estate acquisitions more expensive for developers after 1 November 2016?

About half a year ago, we informed you about changes made by the Senate’s legislative measure regarding real estate acquisition tax. These also include a major change as to the payer of the tax. After many discussions and negotiations, an amendment was published in the Czech Republic’s Collection of Laws last week, stipulating that in […]

Electronic cash registers enacted – Go-live date set for December

The Electronic Cash Registers Acct has been adopted and published in the Collection of Laws on 15 April 2016 (as Act No. 112/2016 Sb.), jointly with accompanying Act No. 113/2016 Sb. The obligation to introduce electronic cash registers (ECRs) is divided into stages by the type of payments received by taxpayers in their businesses. On […]

Tax News 2016

New Year 2016 has brought some significant tax changes for taxpayers. The Christmas gifts were not exactly lavish when it came to income tax but a bit more generous in the case of value added tax (“VAT”). As for the latter, a control report must be filed along with a VAT return, for the first […]

Property acquisitions more expensive for developers after April 2016?

Some two years ago, we informed you about changes the Senate adopted to amend the proposed bill (later a statutory measure of the Senate) on real estate acquisition tax. Part of the amendment fundamentally changes who is responsible for paying the tax. At the last minute, the Senate permitted application of the current regulation in […]

Holding in the Czech or Slovak republic is still more attractive. In the Netherlands, it is becoming increasingly difficult

On last year’s Prinsjesdag (Budget Day) 2014, the Dutch State Secretary for Finance addressed a letter to the Netherlands House of Representatives entitled ‘Choices for a better tax system’. The letter set out the ambitions of the government with regard to reforming the tax system. In the Annual Budget 2016 released earlier this week, the […]

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