Briefly on the new Accounting Act
On 1 November 2024, the Ministry of Finance of the Czech Republic published the 4th version of the proposal of the new Accounting Act on its website. In addition to the previously announced changes, it also con…
Expected shifts in the effectiveness of the new Accounting Act and the accompanying law
For some time now, we have been informing you about the preparations for the new Accounting Act and the related accompanying legislation, which, among other things, significantly amends the Income Tax Act. All …
Amendment to the existing Accounting Act submitted to Parliament
In its resolution of 28 August 2024, the Government approved an amendment to the Accounting Act 563/1993 Coll. (the “Accounting Act”). This amendment is scheduled for discussion during the 112th session of the …
What changes does the accompanying act to the Accounting Act bring?
We have already informed you in our previous posts that the accompanying act has been submitted to the external comment procedure. The accompanying act is a large text that includes amendments to more than a hu…
Current developments in the new Accounting Act
On 31 May 2024, the Czech Ministry of Finance published a working version of the updated draft of the new Accounting Act (hereinafter the “Draft Act”) and certain theses on future implementation decrees elabora…
The Ministry of Finance has published the accompanying law to the Accounting Act
On 31 May 2024, the Ministry of Finance of the Czech Republic published the draft accompanying law to the newly prepared Accounting Act. The accompanying law is now subject to the external comment procedure, wh…
Lease reporting under the draft of the new Accounting Act
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. One of the major changes that the new Accou…
Main changes in the new draft Accounting Act
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. What are the biggest changes from the versi…
Changes in the Czech accounting legislation from 1 January 2024
In the following article, we summarise changes in the Czech accounting legislation that are effective from 1 January 2024.