News

Amendment of the Top-Up Tax Act It has been more than six months since the Chamber of Deputies received the government bill amending Act No. 416/2023 Coll., on a top-up tax for large multinational groups and large domestic groups. To this date, however, the bill has only passed through the first reading and is awaiting deliberation […]

Exemption of Income from Sale of Crypto-assets in the Czech Republic European Regulation 2023/1114 on markets in crypto-assets (MiCA or the Markets in Crypto-assets Regulation) represents a major breakthrough in the regulation of the cryptocurrency market by the European Union. The regulation was approved in 2023 and aims to create a regulated framework for the provision and […]

Current Practical Changes to Employment Law We would like to inform you of current practical changes in the field of employment law. In connection with the passing of Act No. 230/2004 Coll., amending Act No. 262/2006 Coll., the Labour Code, as amended, and certain other acts, we would like to draw your attention to the […]

Employment Law News We would like to inform you about the latest changes affecting employment law. We provide an overview of the main changes effective as of 1 July 2024 below: An employer who has heretofore employed and employs only uninsured workers based on an Agreement on Performance of Work (hereinafter an “APW”) must register with […]

Forthcoming Amendment to VAT Act We would like to inform you about a proposed amendment to the VAT Act, which should be effective from 1 January 2025. The main proposed changes are summarised below. Adjustment to Time Limits The time limit for claiming a tax deduction is to be shortened from the current three years to two. On […]

News from the field of labour law We would like to inform you about the latest changes in the area of labour law, which came into effect on  01.01.2024. Here is a brief overview of the most important changes: employees working on the basis of agreements on work performed outside the employment relationship (agreements to perform […]

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 […]