Tax and legal news
14.03.2023
The Regional Court in Prague judged the situation of a company that claimed interest on a bank loan for the purchase of a share in a Czech company with which it was subsequently to merge. The loan had been granted by a group of banks to an entire investment group, and the debt was subsequently transferred to the Czech company that had made the purchase of the shareholding.
Court decision on the deductibility of interest on a loan given for the purpose of acquiring a share in a business
14.03.2023
The case concerned a taxpayer that had claimed on its income tax return the cost of consultancy services from its parent company, consisting mainly of management, advisory services, dealings and reporting.
Judgement on proving services provided by the parent company
27.01.2023
According to the amendment to Road Tax Act, the road tax for passenger cars and buses was abolished and a tax advantage was introduced for the use of low-emission vehicles.
Road tax in 2023
11.11.2022
A new tax on unexpected profit should become effective on 1 January 2023. The third reading of the relevant parliamentary bill – which includes voting on individual amendments – was held on Friday 4 November 2022.
Tax on unexpected profit
11.11.2022
An amendment proposes the extension from 1 January 203 of the extraordinary depreciation regime relating to tangible assets of the first and second depreciation groups.
Extension of extraordinary depreciation