Tax & Business News 2010

Zobrazit stránku: Česky

The PwC bulletin Tax & Business News, the next generation of Tax & Legal Alert. Issued regularly on monthly basis, Tax & Business News bulletin places emphasis on changes and news in connection with Czech tax legislation, audit, accounting and financial advisory and their particular implications on your business.

Tax Flash is another publication you can read and download from this page. Tax Flash is issued in response to important changes in Czech and European legislation. Its aim is to supply the Czech business community with information applicable to its business operations.

We hope that you consider our newsletters useful and a valuable source of information.

 

Tax & Business News 9/2010 (23 December 2010) pdf 410 kB 

  • Year 2010 in taxes …and what awaits us in 2011
  • The most significant changes brought by the amendment to the Income Tax Act
  • Don’t forget about research and development costs...
  • EU importers will have to submit Entry Summary Declarations from January 2011
  • Supreme Administrative Court
  • VAT - Clearing vs debt collection
  • The Ministry of Finance has confirmed the discrimination approach to tax nonresidents
  • First phase of IFRS 9
  • Changes in employees’ posting
  • Personal appearance necessary to get a visa
  • The 2009 VAT refund claim deadline...
  • Venture capital fund as a new tool for business support in the Czech Republic
  • Will the EU abolish duties on monitors, settop boxes...
  • The pending amendments may postpone the effectiveness
  • The EU is considering relaxation of the rules for interest and royalties exemption
  • PwC Business Academy

Tax Flash (10 November 2010) pdf 113 kB 

  • Legislative changes with negative impact on Czech solar businesses passed by the Lower House of Czech Parliament

Tax Flash (25 October 2010) pdf 107 kB 

  • Deadline for claiming 2009 EU VAT refunds has been extended

Tax Flash (25 October 2010) pdf 199 kB 

  • Are you ready for an amendment to the VAT Act?
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Tax & Business News 8/2010 (15 October 2010) pdf 429 kB

  • Amendment of the Income Tax Act prepared
  • You can comment on prepared changes in revenue recognition according to IFRS
  • Amendment to the Accounting Act currently discussed in Czech Parliament
  • Request for international assistance in tax administration extends time limit
  • Do you know what VAT rates are applied by other EU countries?
  • Companies will have to prove the right to use their seat
  • Tax authority cannot randomly choose acceptable evidence
  • Be ready for another amendment to the Excise Duties Act
  • Amendment to the Company Conversion Code
  • Economical substance of restructuring is more important than its form for the transfer pricing purposes
  • EU funds differently
  • “RODNÁ ČÍSLA“ of foreigners
  • When to apply the “use and enjoyment“ rule for services?
  • Business Academy
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Tax & Business News 7/2010 (27 September 2010) pdf 593 kB 

  • Amendment of the Income Tax Act prepared
  • You can comment on prepared changes in revenue recognition according to IFRS
  • Amendment to the Accounting Act currently discussed in Czech Parliament
  • Request for international assistance in tax administration extends time limit
  • Do you know what VAT rates are applied by other EU countries?
  • Companies will have to prove the right to use their seat
  • Tax authority cannot randomly choose acceptable evidence
  • Be ready for another amendment to the Excise Duties Act
  • Amendment to the Company Conversion Code
  • Economical substance of restructuring is more important than its form for the transfer pricing purposes
  • EU funds differently
  • “RODNÁ ČÍSLA“ of foreigners
  • When to apply the “use and enjoyment“ rule for services?
  • Business Academy
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Tax & Business News 6/2010 (19 August 2010) pdf 515 kB 

  • Directive simplifying e-invoicing has come into force
  • The OECD has approved a new Model Convention for the avoidance of double taxation
  • Ministry of Finance: Building or land is subject to real estate tax, not solar panel
  • Overview of available grants from EU funds
  • The merger decision day after the registration of new companies in the Commercial Register
  • Profit first to shareholders, then to the board of directors
  • Another change in calculation of deadline for tax assessment?
  • All electronic submissions are for a fee from July
  • Do not forget to submit VAT refund claims for 2009
  • PCS Survey: Reality Check
  • What the coalition agreement brings
  • Filmmakers can get a subsidy in the CR for up to one fifth of their costs
  • Use an appropriate form when requesting exemptions from Cypriot tax
  • The Coordination Committee on the tax liability of non-residents
  • Business Academy
  • ECJ Corner
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Tax Flash (26 July 2010) pdf 176 kB 

  • Significant Transfer Pricing Developments: New OECD Guidelines


Tax & Business News 5/2010 (14 June 2010) pdf 381 kB 

  • National Accounting Board prepares new interpretations
  • Expected changes in the VAT Act from 1 January 2011
  • New obligations in providing credit
  • Expected changes in tax administration
  • Government approves amendment to Accounting Act that allows for account under IFRS
  • Tax relief for flood-affected persons
  • A survey of PwC: More than half of CEOs expect revenue growth in one year
  • Business Academy
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Tax & Business News 4/2010 (17 May 2010) pdf 386 kB 

  • Legislative news concerning stay of foreigners in the Schengen Area
  • EU agreed on significant simplification of E-invoicing rules
  • Are business promotion goods subject to VAT? - Advocate General’s opinion
  • Employee benefits - are not subject to VAT retrospectively from 1 January 2010
  • Breaking point for solar business
  • 2010 will a bring better price match on the M&A market in CEE
  • London returns to top spot in European IPO league, helping Europe outperform the US in first quarter

Tax Flash (14 April 2010) pdf 133 kB

  • Yesterday, on 13 April 2010, the Chamber of Deputies re-approved the VAT Act amendment after the President‘s veto
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Tax Flash (12 April 2010) pdf 169 kB

  • The Supreme Administrative Court published a judicial decision which significantly changes the view on the tax deductibility of interest on loans received for financing dividend payments.

Tax & Business News 3/2010 (12 April 2010) pdf 442 kB

  • Will persons acquiring emission permits from a Czech supplier be obliged to account for VAT?
  • Application for refund of VAT paid in 2009 in another EU Member State(s) must be submitted electronically
  • The president has vetoed the VAT Act amendment which decreases taxation of employee benefits
  • Editable EC Sales List form – new
  • New EC Regulations
  • Foreign companies: how to treat a loss from Czech shares?
  • We will pay higher taxes on car parks for customers?
  • Do not forget to publish financial statements and the annual report
  • Employers must prove that they did not discriminate
  • PwC Keeps Hollywood’s Best Kept Secrets for 76 Years and Counting
  • Events
  • PwC Business Academy
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Tax & Business News 2/2010 (10 March 2010) pdf 625 kB 

  • Chamber of Deputies to debate the arm’s length price of employee benefits
  • Amendment to Excise duty act signed by president
  • Amendment to the Act on electronic signatures accepted by the Chamber of Deputies
  • You may report in accordance with IFRS from next year
  • Electronic communication in practice
  • Is an excessive contractual penalty invalid?
  • New IFRS tool not only for small and medium-sized entities
  • Capital availability is the most slippery banana skin for the Czech bankers
  • CEOs of publicly owned companies get ready for capital investments
  • Business looks to governments to take lead in pushing through shift in behaviour towards climate change
  • Prague holds European ranking as Europe’s real estate industry faces “long, slow haul” to recovery
  • Events...
  • PwC Business Academy

Tax Flash (26 February 2010) pdf 215 kB 

  • The Supreme Administrative Court has decided yesterday in the case of Ježek software on the issue of employer social security contributions in the period from January to June 2007.
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Tax & Business News 1/2010 (4 February 2010) pdf 708 kB

  • Avoid paying tax advance payments that are too high
  • Data Boxes in 2010
  • Are you ready for changes in VAT rules?
  • ... ECJ Corner
  • New rates for Travel
  • Visa issuance conditioned by medical insurance from registered insurance companies
  • Payables arrising from distribution of dividends will be written off against owners equity
  • Take advantage of the possibility to depreciate assets using the component approach
  • Gain more time for preparation of financial statements of Slovak companies
  • A three-month warranty period for new spare parts is illegitimate!
  • Depressed European IPO markets show an upturn in last quarter
  • President of the region awarded first ever prize for Corporate social responsibility
  • Special CEO Report
  • Events
  • PwC Business Academy

Tax Flash (8 January 2010) pdf 168 kB

  • The Ministry of Labour and Social Affairs held a press conference today to address the issue of a potential refund of employer‘s social security insurance contributions for January - June 2007.

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