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Last chance for best businesses in Europe to enter celebrated awards

20.10.2017
Two weeks to go before deadline for 2017-18 European Business Awards sponsored by RSM LONDON:  EUROPE’s best businesses are urged to enter the 2017-18 European Business Awards, sponsored by RSM, before the end October deadline for a chance to have their business success recognised across the world. Companies that enter, or are nominated, have the […]
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RSM wins prestigious “Network of the Year” Award

17.10.2017
RSM, the world’s sixth largest network of independent audit, tax and consulting firms, has been recognised as the Network of the Year at this year’s The Accountant and International Accounting Bulletin Awards. The Network of the Year Award criteria includes the demonstration of profitable growth strategies and recognition by the industry as a reputable brand […]
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Is VAT included in the real estate acquisition tax base?

25.9.2017
The principle of the benefit of the doubt has helped many taxpayers to save on tax. However, the taxpayer must usually enforce the principle by legal action. This was the case of the village of Střelské Hoštice that has recently attracted much media attention. What was it about and what effects does it have on […]
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Paternity leave – a new sickness insurance benefit

28.8.2017
On 1 February 2018 an amendment to the Sickness Insurance Act will come into force that has introduced one-week paternity leave for new dads. We have more details for you below. Fathers will become entitled to paternity leave if their baby is born within six months before the effective date of the amendment, i.e. on […]
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NetSuite ready for self-confident Czech and Slovak firms

17.8.2017
NetSuite is one of the world’s leading business management systems for financial, inventory and content management, CRM, production management and in fact providing comprehensive enterprise features in terms of information technology (ERP system). In July 2016, NetSuite was acquired by Oracle for USD 9.3 bln. And this year, NetSuite has been named “Contender” by Forrester […]
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Combating tax ‘optimisation’ – Implementation of the ATA Directive (EU, CR)

7.8.2017
Another tool used by the Czech tax administration to combat tax evasion is the ongoing implementation of the ATA Directive (Council Directive (EU) 2016/1164 laying down rules against tax avoidance practices) that is to be completed by 31 December 2018. Primarily, the Directive lays down new rules for the tax-deductibility of interest expenses. The rules are […]
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Fight against tax ‘optimisation’ – country-by-country reports starting to look clearer in the Czech Republic

20.7.2017
The Czech Chamber of Deputies approved an amendment proposed by the government to the International Cooperation in Tax Administration Act. The bill introduces an obligation of country-by-country reporting (CBCR). What does CBCR involve? And what effect can it have on you? On 12 July 2017, the Czech Chamber of Deputies approved in a third reading […]
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Overtime – when it applies and how it is paid

14.6.2017
Today’s issue of our newsletter brings information about overtime work. When employees become entitled to compensatory time off and how are they paid? We bring you detailed information about records of and payments for overtime work. Overtime work is work performed by an employee beyond the regular schedule. Employers may order employees to work overtime […]
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Transfer of property to children

6.6.2017
One the main risks faced by the first generation of business families in Slovakia and the Czech Republic is the transfer of property to their children and the next generations in a manner so as to prevent the property from causing harm to the family and its immediate social circle in the future. This may […]
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Do your intra-group interest rates comply with the arm’s length principle?

2.6.2017
In the context of inspections carried out by the financial administration which focus on transfer pricing, we have registered an increasing demand for examining or ensuring compliance of interest rates on related-party credits and loans with the arm’s length principle. How are the interest rates determined in such cases? The terms of loans and credits […]
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