Higher Limits for Tender
The Ministry of Industry and Trade of the Czech Republic changed the conditions for announcing tenders as part of the Operational Programme Enterprise and Innovations for Competitiveness.
Announcement of the Second Call for Proposals in the Environment for Life Programme
On 20 November, the Technology Agency of the Czech Republic announced a second call for proposals in the Environment for Life programme, focusing on the support of applied research and experimental development …
Gambling Taxation Revised by the Chamber of Deputies of the Czech Republic
Parliamentary Press No. 509 – the government bill on amendments to certain tax acts in connection with increasing public budget revenue, which also amends Act No. 586/1992 Coll., on Income Taxes, as amended (“I…
News on the Taxation of Digital Economy
On 9 October 2019, as part of the ongoing work of the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting ("Inclusive Framework"), the OECD released a public consultation document containing a Secr…
Second Call for Proposals in the TREND Programme in Preparation
On 4 December, the Technology Agency of the Czech Republic is planning to announce a second call for proposals in the TREND programme, in particular sub-programme 2 – Newcomers, focusing on the support of indus…
How to correctly set up company compliance? Sensible rules and realistic expectations are key
Compliance is a phenomenon that attracts increasing attention in business circles. An effective compliance programme, from well-prepared codes of ethics to a balanced system of responsibility enforcement, is th…
Insurance update: the Czech National Bank published answers to the most frequent questions regarding certain provisions of the Act…
On 27 September 2019, the Czech National Bank (the “CNB”) published responses to the most frequent questions (“FAQ”)regarding Act No. 170/2018 Coll. on the Distribution of Insurance and Reinsurance, as amended …
Expansion of exemption from real estate acquisition tax is effective
On 1st November, a new legal provision amendment took effect that will allow exempting from real estate acquisition tax also the first acquisition of an apartment unit in a detached house against payment, not j…
IFRS EU Endorsement Process [October 2019]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 16 October 2019.…