Financial Update - Special Issue March 2009
11.03.2009Company: KPMG Česká republika, s.r.o.
A new edition of Financial Update, a monthly newsletter published by KPMG Czech Republic that keeps you up to date with the latest developments in Czech and European tax and accounting legislation.
Amendment to the Value Added Tax Act and the Income Tax Act passed by the Chamber of Deputies
• Income Tax - Thin capitalisation
• Income Tax - Tax deductibility of finance lease expenses
• Value Added Tax - VAT deduction for cars used for business
• Value Added Tax - Determining the VAT base for free-of- charge supplies that are subject to VAT
• Value Added Tax - Change in the VAT rate
• Value Added Tax - Exemption of goods brought into the country in travellers’ personal luggage
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