The Czech Republic (the CR), as an OECD member state, generally speaking, has a tax system comparable to other economies. However, it does have some specificities. While in some areas, the Czech system is less strict (e.g., proving the movement of goods for VAT purposes), in other areas, the current practice in the CR is very formalistic and strict. This is the case, for example, for costs charged in a group between related parties, in particular costs for management services and marketing. Multinational groups unfamiliar with this approach from other European countries may therefore inadvertently get into a dispute with the local tax administration in the CR.

It is unavoidable that the increasing population, traffic, industrialization, used wastes, etc. pollute nature and the environment. We, as human beings, should reduce environmental pollution for future generations. This is where alternative energy production comes into play.

The Data protection is an increasingly important issue in today’s digital world. The rapid development of information technologies has made it easier for state institutions and private sector organizations to access thousands of personal data daily. This situation has increased the processing and transfer of personal data and has led to the necessity of protection.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.