The Municipal Court in Prague confirmed the tax administrator’s approach reclassifying marketing services contracted and provided to abroad to ‘consideration received from a third party’. In the court’s opinion, the services were rendered directly to the Czech recipients of the goods. The consideration received from abroad shall thus enter into the tax base of local sales of the goods, and shall be subject to Czech VAT.
CTP is investing almost CZK 40 million in reconstruction and modernisation
The Czech economy contracted by 8.4% quarter-on-quarter, or 10.7% year-on-year, which is an unprecedented fall due to the Covid-19 outbreak. The flash 2Q print was, however, a bit better than the market expected, though some revision might come later
Study Aims to Determine Safety and Efficacy of Experimental Monoclonal Antibodies.
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 4) Government as a Competitive Advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.