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Crowe news full of summer ease

In the August issue we are sharing the "hot topics" from the field of taxation, law, accounting and business.
Helca

Chess Logbook No. 8

I wrote down notes for this article on the back side of the Chess Logbook. This scoreboard serves for formalized notation of the chess game, each move is recorded using standardized marks. I sit in the busy hall of Incheba in Bratislava, where 1,400 young chess players met at the European Youth Chess Championship. Chess has many advantages, firstly, you are not allowed to scream, and secondly it improves memory, concentration, problem solving, forecasting and minimizing risky action. While my son is silently fighting on the chessboard, I have time to summarize my recent observations…

Helca
Petra Štogrová Jedličková
Country Manager
Crowe
ivca

Transfer pricing news – earthquake or the fresh summer breeze?

The General Financial Directorate picked on the transfer pricing sphere again. In order to harmonize the procedures for applying international standards in the taxation between so-called related parties, the General Financial Directories issued a new Instruction D-34. At the same time as the new Instruction, the Czech version of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations was published in the Financial Bulletin of the Ministry of Finance No. 5/2019, as amended in 2017.

ivca
Andrea Kleinová
Tax Manager
Crowe
bv

Chatbots compliant with GDPR

Virtual assistants are an increasingly common solution in the area of customer service. According to the Global Market Insights report, the global chatbot market is growing by more than 30% annually and by 2024 will reach the value of USD 1.34 billion. Companies using such a form of communication with clients must remember to ensure that their personal data are processed in accordance with the GDPR guidelines.

bv
Krzysztof Grabowski
Data Protection Officer
Crowe Poland
ivca

Just a little bit of VAT math…or let not those brain cells become lazy during the holidays!

As of 1 April 2019, an amendment to the VAT Act, which inter alia regulated the method of calculating VAT, applies. A six-month transition period was introduced, which allows VAT to be calculated in the 'old' way, i.e. until 30 September 2019. Thus, we still have some time to prepare so far, but the preparation cannot be underestimated, especially given the fact that the set-up of accounting software is involved.

ivca
Andrea Kleinová
Tax Manager
Crowe

Contact for media

Our experts are ready to respond quickly and comprehensively to your questions from business, tax, audit and accounting, people management, compensation and benefits, risk management and other topics related to the functioning of the company.
Barbora Vesela
Barbora Veselá
Business Development & Communication
Crowe