Monthly Archives: March 2014

Exercising VAT credit right – is time a factor?

Let’s consider the following case: The goods are sold on 12 August 2011 and the stock receipt for transfer of ownership was issued on the same date. However, the invoice was not issued as a result of an omission of … Continue reading

Posted in Taxes, VAT act
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Our own human resource management software – why we made it and how

The Human Resource Management Software (HRMS) is a compound software platform, which is adapted to the company activity. Major systems such as HeRMeS require large budgets that not every company can afford it. On the other hand, implementation of HeRMeS … Continue reading

Posted in Business processes, HRMS, Payroll, Software
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How to use VAT credit for the company car?

Since the beginning of 2013, the Value Added Tax Act (VAT Act) is a bit more liberal as far as VAT credit right for cars is concerned. Under the current provisions, the VAT Act allows VAT credit on rental payments … Continue reading

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Methods for avoiding double taxation – how to apply these?

Each Double Tax Treaty (DTT) defines the techniques for avoiding double taxation and the income types which they relate to. The model of the Organization for Economic Cooperation and Development – OECD determines that the techniques are to be explained … Continue reading

Posted in Corporate Tax Act, Personal Tax Act, Tax-Insurance Procedure Code, Taxes
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And let’s talk about control…

I recently read somewhere that the unhappiest people are those who constantly feel the need to control. However, we will deal with business aspects here, not with psychology.

Posted in Business, Business process management, Business processes, Software
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Is the tax 5-year statute of limitations really a five-year period?

I am often asked about when tax liabilities are redeemed by statute of limitations and I usually understand that people have heard that the statute of limitations is 5 years and the following calculation is made “2008 +5 years = … Continue reading

Posted in Tax-Insurance Procedure Code, Taxes
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