Navigating uncertainty – CEE banking market demonstrates resilience in the presence of macroeconomic instability We are happy to hereby release the 5th edition of our CEE banking M&A study.  

With the new year come changes in employee taxation as well as social security and health insurance. The maximum assessment base for social security contributions has increased and the limit from which wages are taxed at 23% has been raised. Many employers will be keen on the possibility to apply a discount on insurance premiums for selected ‘vulnerable’ employees in part-time employment. And after almost twenty years, the income threshold for the obligation to file a personal income tax return has been significantly increased.

The Czech Statistical Office has published an updated version of the informative manual summarizing the rules for Intrastat reporting in 2023. The manual is published annually and although not legally binding, it serves as a practical aid for the preparation of Intrastat reports.

12 December 2022, Prague – The International Audit, Tax and consulting Company Mazars has issued its fifth Financial Reporting of European Banks study focusing on the level of their expected credit losses (ECL). The main findings of the study include a decrease in the number of unpaid receivables due to support offered by the relevant governments during the pandemic. At the same time, it also pays attention to concerns about geopolitical instability and the subsequent energy crisis in the context of the war in Ukraine.