Mazars Tax View - October 2018

The Supreme Administrative Court issued an interesting judgment, in which it deals with the issue of the obligation of tax subjects to verify their business partners and the problem of guarantee for VAT when paying local taxable supply to a foreign bank account. We bring you two interesting judgements, in which you will read, for example, what a knowledge test is used for and why it is best to pay it due consideration.

With regard to the approaching deadline for the mandatory entry of legal entities and trust funds to the record of beneficial owners according to the amendment to the AML Act, we have tried to briefly summarise what these records apply to and when new obligations arise from the amendment.

Companies assigning Czech workers to Japan or, on the contrary, employing Japanese workers assigned to the Czech Republic will surely appreciate the change to the Social Security Agreement with Japan, which significantly simplifies the assignment of workers between the two companies. You will also read more about that in this issue of our newsletter.