HOW UNREALISED FOREIGN EXCHANGE GAINS ARE TAXED?
27.06.2012Company: bpv Braun Partners s.r.o. advokáti
The law in the area of the taxation of unrealised gains and losses has long been established not only by statute but by non-legally binding Decrees issued by the Ministry of Finance.
What statue says is that gains that arise out of the year end conversion, for accounting purposes, of foreign exchange assets or liabilities are taxable income even though at the time of the accounting conversion those gains have not been realised.
More information you can read in our Newsflash here.
http://www.bpv-bp.com/images/Newsalerts_2012/2012_06_nerealizovane_kurzove_zisky_en.pdf
