Judgment of the Supreme Administrative Court on default interest
In February 2021, the Supreme Administrative Court issued a judgment in which it commented on the length of the period for which interest on late payment of tax arrears is applied.
How to keep a company stable even in times of economic crisis? The key is effective asset protection, says M&A expert
Protecting one’s assets in times of crisis is a crucial issue that is currently being addressed by many businesses. Ensuring business continuity in uncertain times can be very challenging when a company can ver…
VAT news [March 2021]
In the latest VAT news, you will learn that an amendment to the VAT Act will bring about a change in e-commerce rules or that the Minister of Finance has again extended the option to supply respirators VAT excl…
The Supreme Administrative Court rejected the practice of the Tax Authorities regarding the establishment of a lien on a non-final…
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…
“Isolation Bonus“, i.e. Extraordinary Contribution to Employees under Quarantine Order
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…
The Minister of Finance is again remitting sanctions on late filing of the tax return and income tax payment
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…
Another confirmation of the interpretation by the Supreme Administrative Court regarding the assignment of receivables arising fro…
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…
Act on registration of beneficial owners: a few new obligations, many new sanctions
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…
Posting foreign nationals to the Czech Republic: Work permit with a non-dual employee card or an intra-company employee transfer c…
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 …