New tools for the recovery of arrears
Starting this year, the tax authorities are not limited by local jurisdiction when recovering tax arrears. At the same time, from 1 July 2025, the customs administration can use a new power in the event of an u…
The Constitutional Court’s ruling on electronic sales records is the Act of the Year 2017
The winner of the ninth annual Act of the Year survey is the initiative for more prudent regulation of business, i.e. the ruling of the Constitutional court on electronic sales records (“EET”). The expert public’s votes ranked the Payment System Act implementing PSD2 second and the amendment to the Construction Act third. In this survey organised by Deloitte Legal, hundreds of entrepreneurs chose from five nominated legislative acts having a positive impact on business.
“The results can be summarised as follows: Adopt new regulations with more consideration. And try to use new regulations to encourage innovation and improve the business environment, not stifle it,” says Tomáš Babáček, chairman of the nomination board of the Act of the Year survey and Deloitte Legal’s attorney.
Complete results of the Act of the Year survey:
- More prudent regulation of business (a Constitutional Court ruling on the electronic sales records)
- Regulation stimulating innovation on the financial market (the Payment System Act implementing PSD2)
- Legislative cut for fast-tracking construction (the Amended Construction Act)
- More efficient and effective court procedure (the Amended Code of Civil Procedure)
- Tax regulations reflecting business reality (the Amended Income Taxes Act)
The Act of the Year nomination board was composed of twenty authorities from various fields, not only business. This year’s survey was held under the patronage of the Czech Chamber of Commerce and the Czech Bar Association. Voting was done using an online questionnaire and physical ballots at the individual partners of the project.
“The fact remains that entrepreneurs themselves have an essential influence through the way they are able to self-regulate and sufficiently mobilise themselves when formulating requirements on the quality of new legislation,” summarises Tomáš Babáček from Deloitte Legal.
More information about the Act of the Year survey can be found at www.zakonroku.cz (Czech version only).
