The Tax Code allows the tax administrator to secure unpaid tax by establishing a lien on the property of the taxable entity. If the taxable entity fails to pay the tax secured by the lien in a proper and timely…
On 5 March 2021, Act No. 121/2021 Coll., on Extraordinary Contribution to Employees under Quarantine Order, became effective. Under this Act, employers are obligated to compensate employees for reduced income r…
In connection with the current epidemic situation, the Ministry of Finance of the Czech Republic issued another decision on remission of taxes and related interest and fees due to an extraordinary event. The Mi…
In May 2020, we informed you about a ground-breaking decision of the Supreme Administrative Court which rejected the practices of the Tax Administration consisting in the necessity of “additional taxation” of t…
At the beginning of February 2021, Act No. 37/2021 Coll., on Registration of Beneficial Owners was published in the Collection of Laws which transposes – albeit with a considerable delay after the deadline whic…
Are you planning on hiring employees from a foreign branch and looking for the best way to do it in terms of immigration? Since the new Amendment to the Act on the Residence of Foreigners in the Czech Republic …
Digital technologies are growing in popularity, but they come hand in hand with new forms of crime, including crime in the area of money laundering. Fighting against this illegal practice is becoming more and m…
The Czech Ministry of Trade and Industry announced the third public tender focusing on the support of The Country for the Future innovations on 28 January 2021. Specifically, this public tender supports introdu…
On 13 January 2021, the IFRS Foundation issued educational material, 'Going concern — a focus on disclosure', which intends to support companies in its implementation of the requirements related to the preparat…