News

News 5/2020

By: Jana Kotíková On: March 27, 2020 , Comments Disabled
Dear readers, The spread of coronavirus and the implementation of preventive measures brings citizens and entrepreneurs into entirely new circumstances that are sometimes difficult to face. Therefore, we try our best to provide you with the current news affecting your tax liabilities, tax reliefs and payments. Advance payments of social and health insurance contributions in […]
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News 4/2020

By: Alena Křížová On: March 27, 2020 , Comments Disabled
COVID II Program Starting Monday, March 30, 2020, it will be possible to apply for the interest-free loan with an annual deferral of the rates under the COVID II program. The minimum loan limit is CZK 10,000, the loan amount should not exceed CZK 15 million. The term of the loan should be set up […]
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News 3/2020

By: Petr Hanka On: March 23, 2020 , Comments Disabled
Supporting measures related to Covid-19 Dear readers, We would like to inform you about the current supporting measures implemented by the Czech Republic in order to mitigate the negative economic impact of the COVID-19 pandemic on entrepreneurs and employers. Credit instruments The first instrument, implemented by the Czech Republic through the Ministry of Industry and […]
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News 2/2020

By: Roman Pecháček On: March 19, 2020 , Comments Disabled
TAX MEASURES RELATED TO COVID-19 Dear readers, We would like to inform you about the government measures to mitigate the negative impacts of Covid-19 pandemic in the field of taxation. Income Tax The deadline for filing income tax returns applicable to all natural and legal persons has been extended by 1 July 2020 with no […]
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News 1/2020

By: Jana Kotíková On: February 14, 2020 Comments Disabled
Generalized reverse charge mechanism in the Czech Republic The European Commission has permitted the Czech Republic to temporarily apply a generalized reverse charge mechanism from 1 July 2020 to 30 June 2022, i.e. until the final system of VAT rules is implemented. All taxable supplies of goods and services will be subject to the new mechanism […]
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News 6/2019

By: Jana Kotíková On: October 21, 2019 Comments Disabled
Start of the last stage of electronic sales registration (EET) and reduction of VAT on certain supplies President Zeman has signed a government amendment of the Act on Electronic Registration of Sales, extending the areas to which EET applies. The third and fourth stages of EET will commence on 1 May 2020. What we already know […]
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News 5/2019

By: Roman Pecháček On: September 26, 2019 Comments Disabled
First draft of digital tax bill The introduction of a digital tax has been long debated.  The tax would be imposed on multinational giants such as Google, Facebook or Apple which generate huge profits from the provision of services but have no seat or branch in this country. During the summer, the Czech Ministry of Finance […]
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News 4/2019

By: Roman Pecháček On: September 10, 2019 Comments Disabled
Creation of a service-related permanent establishment Dear readers, Our briefing at the close of summer is about an interesting judgment of the Supreme Administrative Court file No. 2 Afs 103/2018-46 on the creation of a service-related permanent establishment arising from the activities of a dependent agent. Many foreign companies operating in the Czech Republic perceive the risk of […]
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News 3/2019

By: Petr Hanka On: May 28, 2019 Comments Disabled
Registration of beneficial owners Over the last two years (such as in News 17/2017 and 9/2018) we have informed you regarding the implementation of the register of beneficial owners and the new obligation imposed on all legal entities and trust funds. Under this obligation, legal entities must have their beneficial owner registered in the newly […]
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News 2/2019

By: Jana Kotíková On: March 31, 2019 Comments Disabled
Tax Package 2019 Last week a set of tax amendments, referred to as the “tax package”, was published in the Collection of Laws. Most of the provisions will come into effect on 1 April 2019; however, there will be some significant exceptions. Please note some major changes brought about by the tax package which are detailed […]
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