Our tax experts prepared a 2020 Tax Calendar for the Czech Republic full of crucial deadlines. Stay updated to avoid the threat of penalties.
Let us inform you about significant changes to VAT and cross-border EU-trade, known as quick fixes. In the Czech Republic, the effectiveness is expected from 1 April 2020.
Check out our overview of the regulatory framework related to the incorporation procedures in Russia and the nature of the selected forms of legal presence. Among the most common legal forms belongs the legal entity incorporated by a foreign entity or individuals, representative office or a branch.
As of 1st January 2020, the Czech Republic has adjusted the limits for the reimbursement of travel expenses. Learn more about the new rates of meal allowances and fuel refunds
We would like to remind the new Czech reporting obligation for income paid abroad, which came into force on April 1, 2019. What types of income are affected by the amendment and which are not obliged to report?
Increased minimum wage for 2020 was set by the Regulation of the Slovak Government No. 324/2019 Coll. The minimum wage was increased by EUR 60 to EUR 120 per month, depending on the degree of work difficulty. An increase in the minimum wage in practice also means, for example, an increase in bonuses for night shifts or on-call duty.
During the last quarter 2019, several bills came into force, which will amend the Slovak VAT Act as of 1 January 2020. The adopted changes cover inter alia rules implementing the Council Directive (EU) 2018/1910 on common rues for call-off stock arrangements and for the chain transactions.
Social networks affect our lives more and more and it is without any doubts that their significance and influence will further grow. Labour relations do not work in any vacuum and it is obvious that social networks gradually play an increasingly important role in relations between employees and employers.
In the Czech Republic, the minimum wage will increase from 1st January 2020. How will this increase affect so-called guaranteed minimum wage levels? Read more in our article.
In summer 2019, the National Council of the Slovak Republic approved several significant changes in the income tax with effectiveness as of 1 January 2020. Inter alia, the changes bring new measures for SMEs, the assessment of electric cars and rules to implement the Council Directive (EU) 2017/952 as regards hybrid mismatches (ATAD 2).
1 January 2020 will bring almost revolutionary changes to the system of processing sick leaves and sickness benefits due to the digitalization of the reporting of employees’ sick leaves in the Czech Republic. The current paper-based sick note will be replaced by its electronic version, an “e-sick note”, which will move the sharing of data between doctors, employers and the Czech Social Security Administration online.
Exempted from the tax shall be the supply of goods dispatched or transported by the vendor or for his account to the place of destination within the territory of a third country. In this News Flash we would like to draw your attention to this year´s judgment of the European Court of Justice (ECJ) in a related case.
Almost PLN 35 billion may be collected by wind farms early December on the renewable energy auction. This is a first step of Polish government trying to catch to the European level of green energy production.
In the case of early termination of contracts, the question of proper assessment of agreed payments between parties for VAT purposes is quite often. In this context, we would like to draw your attention to the judgment of the European Court of Justice in a case concerning the early termination of a contract for telecommunication services with agreed a minimum commitment period.
The risk of a company criminal liability can be reduced with a well-set compliance program. And it is also important to identify the risk areas within the company – read more in our article.