Competitiveness / Tax & Finance

This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

1st July 2021 / Competitiveness / Tax & Finance

Current developments in green finance

Although the Czech Republic is hardly a European leader in green investment and sustainable finance, financial institutions, headed by big banks, are getting ready for the new regulation. Apart from increasing transparency, the following years will focus mainly on resetting internal processes and portfolio structures.
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1st July 2021 / Competitiveness / Tax & Finance

What to watch out for when combining public support (subsidies or investment incentives) and R&D tax-deductible items?

Experience shows that a large number of companies only use one form of public support, whether these are subsidies or investment incentives, or an R&D tax-deductible item. In fact, these companies are often entitled to using several forms of support at the same time, combining them in an efficient manner and thus maximizing the benefits. Combining various forms of support, however, involves certain rules that need to be observed.
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2nd June 2021 / Competitiveness / Tax & Finance

Coordination Committee: Is compensation for unconsumed goods subject to VAT?

The Czech Chamber of Tax Advisors has come up with a proposal to unify the interpretation regarding the application of VAT in situations when the customer compensates the supplier for expenses incurred by the supplier for material unconsumed upon the termination of manufacturing. The paper submitted for discussion to the Coordination Committee of the Chamber of the Tax Advisors and the General Financial Directorate mainly derives from the judgment of the Court of Justice of the EU in case C-295/17 MEO.
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14th May 2021 / Competitiveness / Tax & Finance

Tax waiver in relation to a professional education allowance

On 27 April 2021, the Minister of Finance issued another resolution on waiver of income tax on the grounds of an extraordinary event caused by the coronavirus spread. This time, it relates to the income tax corresponding to the tax liability arising from the breach of the condition of the operational time of assets used for professional education under Section 34g (1) of Act No. 586/1992 Coll., on Income Taxes, as amended (Income Taxes Act).
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8th April 2021 / Competitiveness / Tax & Finance

Undeterred by Covid-19, dealmaking in the CEE region remained remarkably steady in 2020

The disruption caused by Covid-19 to CEE’s M&A market was short-lived as dealmaking returned to the fore in the second half of the year, according to a new report published by Mazars in association with Mergermarket.
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Members of the American Chamber of Commerce in the Czech Republic