- SAC ruled that income from selling shares in a Czech company, mostly valued from Czech real estate, is taxable in the Czech Republic.
- This applies under both Czech domestic law and the Czech-Cyprus tax treaty.
- The court dismissed the taxpayer’s claim of legitimate expectations.
- No consistent or long-term administrative practice was found to prevent such taxation.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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