The Czech Republic’s Supreme Administrative Court issued a ruling on the concept of beneficial ownership concerning royalty payments. The case centred around Avon Cosmetics Limited, a UK company based in Northampton, which granted sublicenses

In response to the new draft Accounting Act, the Czech Republic's Ministry of Finance has issued a draft amendment to the Income Tax Act, proposing significant changes set to take effect starting 1 January, 2025. The Key amendments include

The Czech Ministry of Finance, recently ratified the tax treaty with the United Arab Emirates. Effective starting 29 May 2024, the agreement aims to prevent double taxation. By reducing tax uncertainty and promoting fair taxation, the treaty will

The Czech Senate passed an amendment to the Act on Investment Companies and Investment Funds (ICIF) on 29 May, 2024. This legislation incorporates changes to parts of the consolidation package, as passed by the Chamber of Deputies. The

The bilateral social security agreement between Montenegro and Romania is slated to come into force on 1 June, 2024.  Signed on 22 July, 2022, the agreement indicates a positive step towards enhancing social security cooperation between

The Czech Statistical Office has revised the statistical classification of economic activities as per the CZ-NACE. This change may impact the range of entities subject to the "windfall tax" on fuel sales. Additionally, the General Financial