One of the articles informs of the new decision of the Supreme Administrative Court of the Czech Republic concerning transactions with unrelated entities, which were realised based on the parent company order. The conclusions resulting from this decision can have a significant effect, for example, on the defensibility of tax losses reported by subsidiaries.
In this issue, we will also be bringing news from the area of indirect taxes and a summary of the changes in tax and related acts that were approved in the past few months. Finally we summarized for you information following from a very interesting and comprehensive tax guide which Mazars published in June.
We trust that our articles will be helpful and thought-provoking and we wish you a pleasant read.
Recently, there have been several new decisions of the Supreme Administrative Court of the Czech Republic (hereinafter referred to as the “SAC”) and the Court of Justice of the EU (hereinafter referred to as the “CJEU” and together with the SAC hereinafter referred to as the “Courts”) concerning the application of VAT in the event that it is not possible to identify actual suppliers or customers by...
The historically established practice that sanctions are never subject to VAT is changing. The Court of Justice of the European Union issued another judgement on the issue of sanctions, which this time decided on sanctions collected by a private parking lot operator.
Specification of the definition of goods subject to the reverse charge regime Due to changes in the customs tariff, the Ministry of Finance submitted a proposal to amend Government Decree No. 361/2014 Coll., which specifies the goods and services subject to the domestic reverse charge regime in connection with the provisions of Section 92f of the VAT Act. The changes concern in particular the definition...
We inform you about news in the area of indirect taxes in a separate article and in this article we would like to introduce you to the other new regulations that have been published in the last half a year, not only in connection with the war in Ukraine.
Following the new decision of the Supreme Administrative Court, transactions carried out by the tax entity with unrelated entities, provided that these transactions are affected by the group’s decision, are also subject to the arm’s length principle.
For the tenth time in 2022, Mazars published its annual CEE Tax Guide that offers up-to-date information on taxation in 22 European countries, including labor costs, corporate profit taxation, and transfer pricing. The guide serves long-term investment decisions by analyzing long-term taxation trends and fundamental changes in the tax regimes, both in comparison with each other and to previous years.
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