Lean Six Sigma has long been recognised as a highly effective methodology for process improvement and operational excellence in a variety of industries. It combines the principles of lean manufacturing and Six Sigma quality management and has helped countless organisations achieve significant...
In the Autumn 2021 edition of BDO News, we reported that on 12 May 2021 the Supreme Court had issued, under file number 27 Cdo 3549/2020, a groundbreaking decision concerning the necessary determination of the line of business for registration in the Commercial Register.
Recent case law of the CJEU has considered what evidence a transport company must provide to justify its claim for VAT exemption for import-related services.
In the consolidation package just approved, the possibility of deducting VAT is reduced to a maximum of CZK 420,000. The change, planned to take effect from 1 January 2024, will affect almost all vehicles in the M1 category.
In August 2023, the Supreme Administrative Court ("SAC") issued a number of judgments against the affected tax entities. In this article, we present an overview of selected judgments in the area of corporate income tax, in which the tax liability, including related penalties, was assessed on the...
After a long negotiation by the government, the consolidation package was approved by the Chamber of Deputies and is now heading to the Senate. Below is an overview of the most important changes that were approved.
The consolidation package effective from 1 January 2024 proposes partial taxation of individuals' income from the sale of securities and other business shares. However, the exemption limitation itself is likely to apply only from 2025.
In our April article (here) we informed you that the Czech Republic has concluded framework agreements with Germany and Austria with effect from 1 March 2023 extending the exemption for the purposes of determining the social security jurisdiction of persons. The agreements concerned persons who...