We would like to briefly present the contents of the June issue of our tax newsletter. In the introductory article, we will introduce you, in connection to the recent decisions of the Supreme Administrative Court of the Czech Republic and the Court of Justice of the EU, to the issue of the identification of the supplier and customer, which is a necessary condition for the application of the right of VAT deduction or VAT exemption. Another contribution also deals with VAT, specifically the tax regime for sanctions in the light of new European case law.
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.