Tax and legal news

Czech tax residents may now open a "tax information box" (in Czech "daňová informační schránka" or DIS) with the Czech Tax Authority. This means that tax payers can access their tax account at the tax authority on-line and check their tax registration information, payments, tax liabilities, related documents, and other useful information.

Please let us inform you about the employees’ duty to file the 2014 personal tax returns.

The judgement of the Supreme Administrative Court, no. Afs 170/2014 – 42, regarding the correction of VAT on receivables assigned to debtors in insolvency.

At the last moment on 22 December 2014, the Chamber of Deputies approved the version of the amendment that had been returned by the Senate for further debate, which means that:

The Ministry of Finance continues to deal with the problem of the “grey economy”, especially the record-keeping of cash sales. It would like to ensure more effective tax collecting without increasing the tax burden. Moreover, the ministry would like to have an overview of current real sales. The system should be simple, and it should use existing technologies.

Bohdana Pražská and Filip Dostál of KempHoogstad, attended a meeting of the European tax institution Law & Numbers in Budapest last week.