News
SAC stands up for taxpayer over deducting costs of destroyed goods
The Supreme Administrative Court (SAC) upheld a taxpayer's cassation complaint in a dispute over the legitimacy of claiming costs/expenses for destroyed goods. According to the SAC, without informing the appellant the appellate body assessed the issue differently from the tax administrator, concluding, without this being supported by the relevant file, that the taxpayer failed to prove the deductibility of the expenses. The principle of two-instance administrative proceedings was thus breached.
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Tax allowances for children will increase. The maximum limit for the payment of a monthly bonus will be abolished
On 27 July 2021, Act No. 285/2021 Coll. was published in the Collection of Laws, amending Act No. 586/1992 Coll., on Income Taxes, as amended, specifically the area of tax allowances for children as defined in Sections 35c and 35d. Both amendments will decrease the tax burden of taxpayers.
Dealmakers say PE best placed to flourish in the next 12 months
The Road to Recovery: European M&A Outlook 2022
Dealmakers say PE best placed to flourish in the next 12 months
- A brighter outlook: 53% of respondents expect European M&A activity to increase over the next 12 months (compared to only 2% last year)
- Low valuations and distress: 24% see undervalued targets as the most important buy-side driver of M&A activity. 22% identify distressed-driven M&A as the most important catalyst for sell-side activity.
- Private equity in pole position: 71% agree that financial buyers are better placed than strategic buyers to take advantage of buying opportunities in the post-lockdown revival.
HOW TO INCREASE CZECHIA'S PLACE IN THE GLOBAL ECONOMY: Live stream from the pre-election debate
Watch live stream from the pre-election debate organized by the American Chamber of Commerce in the Czech Republic, British Chamber of Commerce in the Czech Republic, Swiss Chamber of Commerce and the Aspen Institute. Markéta Pekarová Adamová of SPOLU, Karel Havlíček of ANO and Lukáš Wagenknecht of Česká pirátská strana/Starostové a nezávislí will discuss how climate change will reshape the economy, how the country can increase its innovative potential, how the country should prepare its workforce for the next period of economic progress and whether geopolitical tensions will change the country's approach to trade with AmCham Vice-President Milan Šlapák of GE Aviation, HST Chamber of commerce Switzerland - Czech Republic President and The Aspen Institute Board member Marek Procházka, and British Chamber of Commerce in the Czech Republic Vice-Chair Petr Karel of London Market.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- Government as a Competitive Advantage, including Digitization
Advocacy Priorities for 2023
Technology, People, Infrastructure
Actions Recommended in Areas:
1. Establishing Policy Objectives for Research.
2. Research Investment and Cooperation. Big Bets (Key Technology Projects).
3. Establishing Databases for Tracking Public Policy Outcomes.
4. Public Procurement as an Innovation Tool.
5. Immigration of STEM Talents.
6. Digitization of Immigration.
7. Adult Reskilling and Upskilling.
8. Digitization of Land Use.
9. Infrastructure Development, including Technology Parks.
Read the documents in English and Czech.
Policy pipeline
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.
