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 February 2021 / Competitiveness / Tax & Finance


Recommendations of the OECD for Transfer Pricing in Relation to the Impacts of the COVID-19 Pandemic

Extraordinary economic conditions brought about by the COVID-19 pandemic and consequent responses of governments in individual countries may bring numerous practical difficulties in applying the arm’s length principle. For this reason, the Organisation for Economic Co-operation and Development (the “OECD”) issued a report on 18 December 2020 containing recommendations for taxpayers and financial administrations how to proceed when applying transfer pricing rules in periods affected by the COVID-19 pandemic.
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15th December 2020 / Competitiveness / Tax & Finance


Lump-sum Benefit for Meal Allowance

According to an amendment of the Income Tax Act approved by the Chamber of Deputies, employers will be able to provide employees with tax advantageous meal allowances directly in cash, in addition to the current options of providing company catering or meal vouchers.
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7th December 2020 / Competitiveness / Tax & Finance


The Covid insurance paradox: Prices are rising despite the drop in reported claims

Like most businesses, the insurance industry regularly evaluates the impact of the current coronavirus situation on day-to-day operations. This applies not only to insurers but also to brokers who must work in the interests of the client, whom they must assist during this difficult period and help him survive with the smallest possible losses. Therefore, we are actively discussing with our clients and evaluating the effects and possible measures regarding insurance, and we also offer the same to our potential clients. We see the services provided by brokers as an essential part of the overall risk management of each company, so do not hesitate to contact us.
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1st December 2020 / Competitiveness / Tax & Finance


MAZARS REPORT: Economy and Financial Markets 12/2020

Dear readers, We would like to take this opportunity to send you the third issue of "MAZARS REPORT: Economy and Financial Markets”, in which we follow the developments on the international and local markets for you on a quarterly basis. You will learn the latest information about current stock developments, exchange rates, interest rates and commodities. Thanks to the review, you will get oriented in the developments of GDP, inflation and in other key macroeconomic data and indicators. Thanks to the review, you will get oriented in the developments of GDP, inflation and in other key macroeconomic data and indicators. We are sure that this review will become a useful guide for you through the currently unstable economic developments and perhaps help you minimise the risks connected with the effects of the Covid-19 pandemic on the worldwide economy. ​​​​​​​We wish you a pleasant reading. Yours Mazars
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2nd November 2020 / Competitiveness / Tax & Finance


Czech digital tax: when and in what form to expect it

A proposal for the introduction of a digital tax has been before the chamber of deputies for several months now. The originally proposed effectiveness from mid-2020 has come and gone. The introduction of this tax is currently being debated again.
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Members of the American Chamber of Commerce in the Czech Republic