OECD Pillar Two updates
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS published a package of documents on the implementation of the Pillar Two global minimum tax rules (“Pillar Two”). The package includes additional admini…
Legal News [August 2023]: New entrepreneur’s definition in the Civil Code
Who is obliged to compensate the former lessee for taking over the customer base and what are the requirements of the articles of association regarding the funds to which part of the profits of a joint-stock co…
Consolidation Package proposes functional currency and other tax changes
After its meeting on 23 August 2023, the government coalition issued a statement, which was subsequently confirmed on the website of the Ministry of Finance, presenting the proposed changes to the Consolidation…
No more paper booklets! Foreigners must now have biometric cards
The amendment to the Act on the Residence of Foreigners, which came into force on 2 August 2021, introduced the obligation for foreigners to exchange paper residency permits for biometric cards by 3 August 2023…
The Whistleblower Protection Act has come into force. What is important to know?
The Czech Republic has finally fulfilled its obligation and completed the implementation of the EU Whistleblowing Directive. The new regulations, Act No. 171/2023 Coll., on the Protection of Whistleblowers (the…
Global minimum tax: draft transposition approved by the Czech government
On 16 August 2023, the Government of the Czech Republic approved the new bill of the Top-up Taxes Act to ensure a minimum level of taxation of large-scale multinational and domestic groups. This is the transpos…
Russia has suspended most articles of double tax treaties with unfriendly countries, including the Czech Republic
In March this year, the Russian Ministry of Finance and the Russian Foreign Ministry came up with a joint proposal to suspend double tax treaties with all "unfriendly" countries. Subsequently, the ministries tu…
Taxes in the digital era. How is the Czech Republic doing according to a new Deloitte survey?
The main drivers for the digitalisation of taxes in companies are the requirements of tax authorities for digital filing, as well as the increasing number of automated processes that free up human resources …
Legal News [July 2023]: When does the statute of limitations start to run?
A ruling by the Grand Chamber of the Supreme Court has brought about a fundamental change in the issue of limitation periods. This is just one of the many topics in the latest Legal News. Read our selection of …