Tax and Legal Update - June 2016 | KPMG | CZ

Tax and Legal Update - June 2016

Tax and Legal Update - June 2016

Tax and Legal Update contains a roundup of all the latest important tax, accounting and legal changes in the financial sector.

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Tax news

  • Labour Ministry proposes changes to social security.
  • Non-financial reporting in Czech accounting legislation.
  • Incorrectly filed VAT returns ineffective.
  • Extension of social security treaty between CR and US.
  • Update on Operational Programme Enterprise, Competitiveness and
    Innovation.

Legal news

  • Labour Ministry abandons agency employment quotas.
  • Farewell to non-public contracts.
  • What about employees in business combinations?

World news

  • ECOFIN and VAT Expert Group support VAT action plan.

Case law

  • “Gratuitous relations” between a company and its member.
  • Supreme Administrative Court insists on explaining Sec. 24(2)(zc).
  • VAT exemption for card transactions.

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