Competitiveness
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.
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Spotlight issue
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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Flights between Prague and Ostrava
Try domestic route between Prague and Ostrava, LOT Airlines now offers flights up to 5 times a week. If you need to travel to Warsaw, continue on the same flight or use direct connection to Poland up to twice a week.
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Losing Antivirus contributions owing to formal errors
The Antivirus Programme is considered one of the most successful and best performing support programmes that the government introduced during the pandemic. According to statistics published by the Ministry of Labour and Social Affairs at the end of December, the number of supported companies exceeded 65 thousand and the total amount of provided support amounted to almost CZK 25 billion. However, some employers have ascertained that they will have to refund the aid already received under the programme even though they did not abuse the programme in any way and paid all relevant payments and mandatory premiums within the statutory deadlines.
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