Tax and legal news

The third and fourth phases of the electronic registration of sales (the ERS) is almost here and it will affect the entrepreneurs from 1 May 2020.

Currently, there is a third reading of an amendment to the Tax Code in Parliament. The prepared amendment is expected to become effective from the second half of 2020.

We would like to inform you that we have moved to new premises. From Monday, 9 December 2019, we will be in the new office at Hybernská street 1009/24 (Hybernská Center, 6th floor), Prague 1.

For the first time, the Supreme Administrative Court decided on a case related to proving the origin and source of income (judgement no. 9 Afs 64/2019 - 52 dated 13 June 2019).

The European Commission approved using the blanket reverse-charge regime by the Czech Republic for a limited period which starts from 1 July 2020 and lasts until 30 June 2022. All taxable supplies regarding goods and services where a single transaction is over CZK 450,000 (EUR 17,500) will be subject to the regime.

On 24 September 2019, the Chamber of Deputies approved the original version of the proposed amendments to the extension of exemption from real estate acquisition tax to the first paid acquisition of a unit (a flat) in a family house. Because of the amendment, those who buy a new flat in a family house, can claim exemption from real estate acquisition tax.