Tax & Legal Alerts 2007

 We are pleased to offer you our Czech Tax & Legal Alerts, a comprehensive source of news and analysis of legislative and interpretational change in the Czech Republic. You are welcome to download the Tax and Legal Alerts below free of charge.

  Tax Flash - Amendment to the Income Taxes Act (21/12/2007) - 180 Kb

• Amendment to the Income Taxes Act
• Corporate income tax rate
• Financial leasing
• Thin capitalisation
• 140% discount interest rate
• Tax exemption upon the sale of a share

Tax Flash - Schengen (14/12/2007) - 156 Kb

• What will our accession to the Schengen area bring for foreigners?

  Tax & Legal Alert 17 (15/11/2007) - 157 Kb

• Support for large entrepreneurs as part of the Operational Programme Education for Competitiveness
• Temporary provisions for the new thin-capitalisation rules
• Luxembourg opens the labour market
• Double-taxation treaty with New Zealand

  Tax & Legal Alert 16 (30/10/2007) - 158 Kb

• Preparation for the new wage calculation method from 1 January 2008
• New thin-capitalisation rules – Czech and Slovak Republics
• US/Czech Social Security Agreement
• Structural Funds and tourism development in Czech regional areas

Tax & Legal Alert 15 (08/10/2007) - 180 Kb

• Maximum assessment base for employee healthcare and social security
• Legalisation of Indian documents simplified
• Structural funds for big companies – Operational Programme Enterprise and
  Innovation (OPEI)
• Driving licences for foreign nationals residing in the Czech Republic

  Tax & Legal Alert 14 (20/9/2007) - 159 Kb

• Reform of public financing was approved by the Senate
• Funds from the EU structural funds for big companies
• Changes in the approach to obtaining an invitation verified by the Foreigners’ Police Office
• Reservation fees in the hotel industry
• Application of tax losses during tax audit

  Tax & Legal Alert 13 (22/8/2007) - 393 Kb

• Reform of public financing

  Tax & Legal Alert 12 (2/7/2007) - 505 Kb

• Court ruling on non-monetary benefits under mandate agreements
• Use of the “first sale for export” concept under scrutiny
• New double taxation treaty with Georgia in effect
• Senate approves protocol to the double tax treaty with Russia
• Change in visa issuance at the Russian Embassy in Prague

  Tax & Legal Alert 11 (19/6/2007) - 227 Kb

• Potential change to the tax treatment for the disposal of perishable goods
• REACH: New legal framework for the chemicals industry
• New Decree sets out time limits for tax authorities
• Travel advisory – Cash declarations

Tax & Legal Alert 10 (6/6/2007) - 244 Kb

• Authorised Economic Operator programme set to begin
• Court ruling – burden of proof
• Government proposal would create new taxes for energy suppliers
• Tax deductibility of water provided to employees
• VAT refund claim deadline is approaching
• Does your company import goods to Russia?

Tax & Legal Alert 9 (6/6/2007) - 244 Kb

• Parliament approves amendment to the Administration of Taxes Act
• Draft amendment to broaden the availability of binding rulings
• New Czech-Austrian double tax treaty
• Reminder: Romanian and Bulgarian nationals employed in the Czech Republic

  Tax & Legal Alert 8 (21/5/2007) - 244 Kb

• New rules to make it easier to enforce intra-Community payment orders
• Timeframe to file additional tax returns or assess additional tax is clarified
• VAT on services and the place of supply
• HR Controlling 2007: Measuring performance of Human Capital

Tax & Legal Alert 7 (9/5/2007) - 422 Kb

• New investment incentives programme for technology and business support centres
• Update: Amendment to the Act on Investment Incentives
• EU increases customs duty on US goods

  Tax & Legal Alert 6 (25/4/2007) - 233 Kb

• Government proposal to reform public financing introduces major changes to Czech direct taxation
• Summary of major proposed changes to personal and corporate income tax
• Personal income taxation – proposed changes
• Corporate income taxation – proposed changes
• Proposed changes to the Act on Reserves
• Changes in the Real Estate Tax Act and the Gift, Inheritance and Real Estate Transfer Taxes Act

VAT Flash (12/4/2007) - 238 Kb

• Draft of the VAT amendment act
• Social housing
• Electronic returns

Tax & Legal Alert 5 (10/4/2007) - 233 Kb

• European Commission proposes guidelines to avoid transfer pricing disputes
• German tax reforms and changes to transfer pricing rules
• New rules for foreigners to acquire real estate in the Czech Republic
• VAT refund claim deadline is approaching

  Tax & Legal Alert 4 (12/3/2007) - 114 Kb

• Constitutional Court takes steps to reform the legislative process
• Tax losses and tax audits
• Information for non-EU nationals accompanying an EU family member to the Czech Republic
• Sole shareholders and VAT
• Government delays implementation of
  the Insolvency Act

Tax & Legal Alert 3 (21/2/2007) - 112 Kb

• e-Export system is now in place
• Board members may be subject to health and social security contributions
• Draft amendment on the tax-neutrality of de-mergers by spin-off
• Requirement to publish financial statements may be abolished
• New environmental taxes to take effect in 2008

  Tax & Legal Alert 2 (9/2/2007) - 125 Kb

• New rules for de minimis state aid
• Revised version of the Sixth and First VAT directives is now in force
• Digitalisation of the Commercial Register
• New descree with comments to the Income Tax Act
• Reminder: New instrastat reporting codes are in effect

Tax & Legal Alert - Decree D-300 (8/2/2007) - 103 Kb

• Personal income tax
• Corporate income tax
• General income tax provisions
• VAT implications

  Tax & Legal Alert 1 (24/1/2007) - 122 Kb

• Proposed changes to the Act on Investment Incentives
• Romanian and Bulgarian nationals employed in the Czech Republic prior to EU accession
• Changes to the Labour Code relating to employee benefits are in effect
• Application of the R&D tax allowance in practice–First tax audits
• Average fuel prices and exchange rates for 2006 are now available