Summary of legislative changes:

• Amendment to the VAT Act - another wave of changes from 2011
• Proposed amendment to the Excise Duties Act
• Changes in sickness benefits from 1 June 2010
• Remission of interest and penalty on tax
• Single Collection Point project
• European Commission holds consultations on double taxation
• In Brief

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Summary of legislative changes:

• Information for taxpayers on tax treatment of dealing with the consequences of the floods
• Claiming VAT from other EU member states
• Applying related expenses for certain types of income for EU and EEA tax residents
• News on international tax treaties
• Interesting rulings of the Supreme Administrative Court
• European Commission proposal for simplifying electronic invoicing
  by 2013
• In Brief

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Summary of legislative changes:

• Taxation of state debentures issued to individuals
• Supreme Administrative Court: cost of loan to finance dividend is tax-deductible
• Amendment to the Act on Financial Authorities
• Amendment to the VAT Act
• Drawing up basic theses of harmonising assessment bases for tax, and for social security and health insurance
• Czech-Japanese Social Security Treaty
• Czech pensions calculation is unconstitutional
• News from the National Accounting Board
• Limited entitlement to deduct input VAT on supplies to employees, as applied in the Netherlands, is in compliance with the EU legislation
• In Brief

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The Chamber of Deputies approved an amendment to the VAT Act, which had been returned by the President and which repeals the obligation to apply Section 36a of the VAT Act to transactions between the employer and its employees, i.e. the duty to set the VAT base using arm’s length prices. The amendment affects the taxation of certain employment benefits (such as travel fares paid for by the employer, company meal provision, products purchased at reduced prices, advantageous prices at company accommodation facilities, etc.). As a result of the repeal of this provision, the VAT base in respect of these transactions (if carried out for a consideration) will be determined using the method effective before 1 January 2010, i.e. based on the amount of the payment made for this kind of performance.
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Summary of legislative changes:

• Employment benefits and VAT - the approval marathon has reached the finishing line
• Tax assessment period: a three-year breakthrough?
• Amendment to the Real Estate Tax Act submitted for comments
• Amendment to the Accounting Act submitted for comments
• Simplified administration for entrepreneurs
• New subsidies for research and development
• Subsidies from EU structural funds - latest news
• Amendment to the EU Regulation on Social Security will come into effect on 1 May 2010
• Exchange of information in tax matters
• In Brief

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Summary of legislative changes:

• What developments can we expect concerning social security contributions for the first half of 2007?
• VAT and employee benefits
• Selected rulings of the Supreme Administrative Court
• Amendments to excise duties
• Acquisition of real estate in the Czech Republic
• Support from EU structural funds - recent news
• Will the European Court of Justice ruling result in a simplified definition of a "construction site" for VAT purposes?
• Cases of interest in the European Court of Justice


• Revised draft of the Article 7 of the OECD Model Tax Convention


• News in brief

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The Supreme Administrative Court (NSS) has issued its ruling in the respect of employer’s social security contributions for the first half of 2007, which has been the subject of much media interest. Today’s judgment by the NSS overrules the decision of the Regional Court of Justice in Ústí nad Labem, which decided last year that the Czech Social Security Agency (CSSZ) was not entitled to order Ježek Software s.r.o. to pay the outstanding contributions for the period.
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Summary of legislative changes:

• Latest news regarding social security contributions for the first half of 2007
• Income Tax Act: changes with an international element
• VAT - credit notes no longer subject to VAT?
• Real estate tax in 2010
• Inclusion in the Czech social security system of Japanese managing directors of Czech companies
• Clarification of accounting for unpaid dividends
• Supreme Administrative Court: interest on VAT overpayment due to an error of the tax administrator and direct effect of the EU directive
• EU structural funds


• OECD Report on Granting of Treaty Benefits with respect to the Income of Collective Investment Vehicles


• European Commission publishes information explaining the VAT package


• News in brief

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Summary of legislative changes:

• Commentary on certain problematic issues in connection with the payment of social security premiums from 1 January to 30 June 2007
• Changes in sickness, pension and health insurance effective from 1 January 2010
• Changes in tax administration effective from 1 January 2010
• VAT: changes and proposals for 2010
• Lump-sum travel expenses
• Supreme Administrative Court: criteria for tax deductibility of expenses
• Amendment to the Act on Accounting
• Cases of interest in the European Court of Justice
• News in brief

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