Mazars Tax View - March 2016
14.03.2016Company: Forvis Mazars s.r.o.
Dear readers,
we would like to present to you the third issue of our tax newsletter. We are bringing you an interpretation of the provision of Section 24/2/zc, the use of which in corporate income tax returns for the year 2015 requires heightened awareness and caution. Since a government Decree that once again extended the local reverse charge for VAT, this time for electricity and gas, came into effect on 1 February 2016, we also take a look at this theme.
Seeing that the deadline is approaching for submitting personal income tax returns, we bring you a concise overview of the most important changes for the 2015 tax period, one of which is undoubtedly the new information obligation concerning exempt income higher than 5 million CZK. You should pay special attention if you sold a share in a company or securities last year.
Since many of you submitted a control report for the very first time in February, we are planning on taking a look at the first practical experiences with the submission of this report and the related challenges from the tax administrators.
We wish you pleasant reading.
Pavel Klein
Tax Leading Partner, Mazars
