Publication details
Vybrané problémy harmonizace českého daňového práva s právem EU
| Title in English | Selected Issues regarding Reconciliation of the Czech and EC Tax Law |
|---|---|
| Authors | |
| Year of publication | 2003 |
| Type | Article in Proceedings |
| Conference | Sborník výzkumných prací: Výsledky aproximace českého práva ve srovnání se standardy EU před vstupem do EU |
| MU Faculty or unit | |
| Citation | |
| Description | This year the government submitted to the Chamber of Deputies of the Czech Parliament a number of tax amendment bills. The main reason to this governmental initiative is the oncoming accession of the Czech Republic to the European Union. This contributed paper primarily deals with the current amendments of two tax regulations. The first one is amendment to Act No. 588/1992 Coll., concerning value added tax, which has already been passed. The main objective of this amendment is to take other partial steps (such as turnover amount for compulsory registration) in reconciling Czech tax law with EU regulations associated with the uniform tax return procedure, in particular with Council Directives No. 79/1072/EEC and 86/560/EEC. The explanatory report to the above amendment says that subsequent changes (especially pursuant to Council Directive No. 77/388/EEC) are planned to be made within the new VAT Act. The second part of the paper is focused on the amendment to Act No. 586/1992 Coll., concerning income taxes. At present, the Senate of the Czech Parliament is dealing with the amendment aimed at implementing into this regulation, among others, the Council Directives No. 90/434/EHS and 90/435/EHS. However, passing this amendment our lawmakers' work on the incorporation of relevant guidelines in Czech tax laws will not come to an end. One of the reasons thereto is the fact that the Council has recently passed two directions associated with the taxation of interest and license fees, which were not included in the above bill of income tax amendments. |