The new accounting law is set to take effect on January 1, 2025, according to the latest plan. It will have a significant impact on accounting rules in the Czech Republic. As of the end of April 2023, what do we know about it? The…
Category: News
Like It or Not, Corporate Sustainability Reporting Is Coming
You have probably already heard the abbreviation ESG or even CSRD. If you’ve been wondering what these abbreviations mean for your business, continue reading to be prepared for the changes that are just across the horizon. ESG stands for Environment, Social, Governance, which are already…
Intelligent report for ATC Legal
Martin is a partner of a company ATC Legal. He founded the company with his classmate Peter, who left the office eight years ago and moved into the management of the ATC group. Peter didn’t want to completely abandon Martin, so they agreed that the…
Liability of statutory representatives for transfer pricing policies
Errors in transfer pricing policies can lead to criminal penalties for statutory representatives of companies. But they are often blind to this risk. Transfer pricing policies are most commonly required in multinational enterprises. If a Czech company is part of a multinational enterprise, a headquarters…
Anti-VAT fraud measures postponed (again)
At its meeting on 16 June, the Economic and Financial Affairs Council (ECOFIN) discussed the compromise proposal prepared by the Maltese Council Presidency on anti-VAT fraud measures, with the aim of reaching an agreement on this proposal in respect of the directive on a generalized…