Crowe news

Economic Window - Logbook, Day 2, April 28, 2019

Last week, the Crowe EMEA conference was held in Warsaw. Who participated in the conference, what inspired me to write this article and why the Economic Window's subtitle is called Logbook? Read the new Economic Window and find the answers.

Do you determine correctly the lifetime of a technical improvement of a leased building?

Do you have your office, warehouse or production area located in a leased building? Have you made any construction that are in your accounting books kept as a technical improvement of the leased building? If your answers were “YES” to both questions, for how many years you stated the useful life of the technical improvement for depreciation purposes?

New reporting duty for taxpayers

One of the amendments of the approved tax package effective from 1 April 2019 is the introduction of a reporting duty for taxpayers in respect of income paid to Czech non-residents which has its source in the Czech Republic, is subject to withholding tax, but effectively is not taxed (either based on the local legislation or based on the international double tax treaties).

The withholding tax limit is changing

And here comes the withholding tax again! Now let's talk about its new limit.