Archives for 2023

Consolidation package approved The long-discussed package of measures to support the recovery of public finances has gone through the legislative process and the intended changes will thus be effective from the beginning of 2024. Functional currency Accounting entities will now be allowed to use the currency of their primary economic environment in their accounting and […]

PREVENTIVE RESTRUCTURING New legislation On 23 September 2023, the new Act No. 284/2023 Coll. on Preventive Restructuring (hereinafter referred to as the “Act”) entered into force, which transposes Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 (Directive on Restructuring and Insolvency), the introductory provisions of which state: “Restructuring […]

Major amendment to the Labour Code 2023 We would like to inform you about the latest developments in the field of labour law. A major amendment to the Labour Code will come into force on 1 October 2023. The part of the amendment concerning, in particular, the right to leave of employees working on the […]

Pillar 2 – Top-up taxes in the Czech legal system The long-awaited draft law on top-up taxes for the purpose of ensuring a minimum level of taxation of large groups, which is the Czech implementation of the European Minimum Tax Directive, is now in the comment procedure. The draft law on top-up taxes is based on […]

Protection of Whistleblowers (Whistleblowing) – new legislation and important obligations On 20 June 2023, the long-awaited Act No. 171/2023 Coll., the Whistleblower Protection Act (hereinafter referred to as the “Act”) was published in the Collection of Laws. The Czech Republic has thus completed the process of implementing Directive 2019/1937 of the European Parliament and of […]

The government’s recovery package The government has presented a package of measures that should lead to a reduction in the public budget deficit. In addition to measures in the tax area, the proposed changes are intended to mainly affect retirement pensions, unemployment benefits and the salaries of state employees. Meanwhile, most of the proposed changes are expected to […]

Changes in the field of labour law We would like to inform you about some current changes in the field of labour law. We would like to summarize them for you briefly, clearly and chronologically (according to their effective date): As of 1 December 2022, the Labour Code has been amended to add paternity leave […]