Our opening article focuses on recent case law of the Supreme Administrative Court concerning the tax deductibility of interest on acquisition financing in connection with mergers. We also look at the new sales records system and how businesses can prepare for its expected introduction in 2027. The related draft legislation also affects the area of income taxes, so we take a separate look at the proposed changes to employee benefits.
In the area of VAT, we present new guidance from the General Financial Directorate, which clarifies the rules for determining the VAT base for donated goods and the supporting evidence required to substantiate their actual value.
Our final article focuses on the planned revision of the EU rules on the posting of employees and the related changes in the area of social security coordination.
We hope that you will find useful information for your business in this new edition.
On behalf of the entire Forvis Mazars team, we wish you an enjoyable read and a pleasant start to the autumn.
The Supreme Administrative Court has, on numerous occasions in the past, has ruled on the tax deductibility of interest on acquisition financing in so-called “upstream mergers,” in which the parent company becomes the successor company to the dissolving subsidiary. In light of the latest case law from the Supreme Administrative Court, it has also decided on the deductibility of interest in a “downstream”...
Several years after the abolition of the original electronic sales records system, this topic is returning in the form of a project referred to as EET 2.0. The Government has prepared a modernised version of sales records which, according to its proponents, should help reduce the grey economy, support a fair business environment and, at the same time, reduce the administrative burden compared with...
At its 25th meeting on July 15, 2026, the Chamber of Deputies approved, in its third reading, the government’s draft Act on sales records, which also includes an amendment to Act No. 586/1992 Coll., the Income Taxes Act (hereinafter referred to as the “amendment”). In addition to the obligations related to sales records, this amendment also regulates employee benefits and revises tax credits.
The General Financial Directorate (the ‘GFD’) issued updated Information on the application of VAT to the free-of-charge supply of goods (the ‘Information’), effective from 1 July 2026. It replaces the previous guidance from 2023. The new Information does not change the VAT rules themselves but explains in more detail how to determine the VAT base when goods are donated and sets out clearer requirements...
The European Union is moving closer to completing the long-awaited revision of the rules on the coordination of social security systems. In July, the European Parliament approved amendments to Regulations (EC) No 883/2004 and 987/2009, which concern, among other areas, the posting of employees to other Member States. The new rules will introduce stricter conditions and additional administrative obligations...
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