WTS in Czech Republic

In the Czech Republic, transactions between related parties are regulated by the requirement to comply with the arm’s length principle.

The parliamentary elections held in October 2021 resulted in a new government in the Czech Republic.

The statutory director of a joint-stock company with variable share capital, which is an investment fund, no longer has full management and therefore does not determine the basic focus of business management.

Our summary of R&D Incentives provides guidance where such incentives are provided, and who in WTS Global can support you to gain from these incentives for your business or individually the most.

The Czech Republic concluded double-taxation treaties (“DTTs”) with Germany and Liechtenstein with a specific regulation of taxation of capital gains in comparison to other DTTs. 

Udate about the new flat tax in the Czech Republic.

The Czech Republic is changing the VAT treatment for the rental of real estate.

During the last six months, national governments have applied various measures restricting the movement of people. These measures not only affect the private lives of individuals, but also limit or change the conditions under which said individuals can carry out their work.

The European Commission permitted the Czech Republic to temporarily apply a generalised reverse charge mechanism.

Many amendments were submitted during the comments procedure and the final wording of the law may therefore significantly differ.

Judgment of the Supreme Administrative Court file on the creation of a service-related permanent establishment arising from the activities of a dependent agent

Most of the provisions will come into effect on 1 April 2019

The amendment is expected to enter into force on 1 July 2020

The evaluation focused on three areas – general advisory for corporations, transfer pricing and tax disputes

The statutory deadline for registration in the register of beneficial owners to be met by trading companies is 1 January 2019

Overview of some envisaged changes

Recommendations concerning the functional profile of companies

Read more about the envisaged changes

The Government adopted a set of tax amendments that contains amendments to the Income Tax Act, the Value Added Tax Act and the Tax Code

Construction Act aims to simplify and accelerate building permit procedures

Overview of major changes and anticipated legislative measures

General Financial Directorate has published Information on the application of VAT

With effect from 1 January 2018, information regarding the beneficial owners of legal entities must be registered

WTS Global newsletter have been published: International WTS Journal, Transfer Pricing Newsletter, WTS Global VAT Newsletter

The deadline by which trading companies had to comply with the obligation expired on 1 January 2019