After the cooling in 2020, the acquisition market is experiencing a boom and growth is expected in the future. In connection with the acquisition of mainly real estate projects, the Business Corporations Act regulates an institute called financial assistance. Even before the acquisition process...
In its judgment (file no. 8 Afs 204 / 2019-42) of March 2021, the Supreme Administrative Court ("SAC") upheld the procedure of the tax administrator, which excluded from tax deductible expenses the costs of repair and maintenance of non-commercial property. What exactly was the judgment about?
If companies request a refund of the excess VAT deduction, the state (Tax Office) will retain the amount for them in the long term. Since 2015, the tax authorities have granted VAT payers a right to interest under the new provisions of the Tax Code (Section 254a), for which they have examined the...
After years of negotiations, the international community has agreed to reform the international tax system. As of 2023, part of the profits of the largest multinational groups should be redistributed to the countries where their goods and services are sold. Multinational groups will be subject to...
In December 2021, the Court of Justice of the EU (CJEU) ruled in the case of Kemwater ProChemie s.r.o. In it, the CJEU asked two questions that are of fundamental importance for many tax proceedings. The answers provided by the CJEU are presented by the Financial Administration of the Czech...
It's annual accounts time. This involves not only the rigorous documentation and examination of balance sheets, but also the effort to resolve open business cases. As a result, various credit notes, bonuses and late approved invoices received need to be reflected in the VAT return. Is it possible...
Every VAT payer is well aware of the basic conditions that must be met to qualify for a VAT deduction. He or she must receive the supply from another VAT payer and subsequently use it for his or her taxable economic activity. In both cases, the VAT payer bears the burden of proof. For the last...