OrbitaxSupreme Administrative Court confirms: unrealized foreign exchange gains not taxable
|Approved Changes|Czech Republic
In a recently published decision, dated 25 January 2013 (No. 5 Afs 56/2012), the Supreme Administrative Court upheld its earlier jurisprudence that unrealized foreign exchange gains were not taxable.
Background
The taxpayer, MP Development, was a joint-stock company resident in the Czech Republic. The taxpayer had initially included unrealized foreign exchange gains in its 2007 ta…
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