News

News 5/2021

VAT on rental of residential properties Dear readers, We would like to draw your attention to a change in VAT on the rental of flats and houses from 2021. Rental of real estate, with a few exceptions (for instance rental of parking spaces), is VAT exempt...
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News 4/2021

Records of beneficial owners and significant new sanctions There will be changes to the records of beneficial owners in the spring of 2021. The new Act No. 37/2021 Coll., on records of beneficial owners was published in the Collection of Laws and should...
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News 3/2021

Amendment to the tax code The amendment to the tax code came into effect on 1 January 2021. Based on the justification report for the act, the following thematic areas should constitute the core of the proposed changes: support of digitalisation simplification...
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News 2/2021

Tax impacts of Brexit The United Kingdom of Great Britain and Northern Ireland (hereinafter “United Kingdom”) exited the European Union on 31 January 2020, based on an agreement on withdrawal. However, until the end of 2020 there was a transition...
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News 1/2021

2021 Tax Bundle We would like to briefly inform you of the selected changes brought about by the “tax bundle”. The respective collection of amendments was published in the Collection of Laws on 31 December 2020 and is effective from 1 January 2021....
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News 24/2020

Flat Tax for Entrepreneurs From 1 January 2021, a flat tax will be introduced which could bring savings to selected entrepreneurs and reduce their administrative burden. However, the transition to a flat tax must be reported to the tax office by 10 January...
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News 23/2020

Compensation bonus II On 14 November 2020, a new law regarding compensation bonuses entered into force. As in the spring, compensation bonuses are now intended to support small businesses in overcoming the unfavorable economic situation due to the state...
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News 22/2020

Current changes in Antivirus Program In order to support employers during the ongoing coronavirus crisis, the government has decided to continue with financial support in form of an Antivirus Program, or rather some of its modalities for the time being...
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News 21/2020

Tax waivers for Retail and Services In connection with the closing of most shops and establishments providing services, the Ministry of Finance has published some tax waivers. Please find a brief presentation of them below. What taxes do the waivers concern?...
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News 20/2020

Autumn Tax Relief in Relation to the Coronavirus The Ministry of Finance has announced several types of tax relief in relation to the strict measures adopted during the state of emergency. Please find brief presentation of these below. Value added tax...
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