5 FAQs about recruiting from abroad
There are many conflicting views regarding the subject. Some say you can employ a foreign worker in a month; others say you will wait a year. Nothing is black and white, each case is different, but the same rul…
Change of the deadline for submitting a subsequent VAT control statement at the request of the tax authority
The major amendment to the tax laws, which comes into force on 1 January 2023, has attracted attention in particular due to the introduction of the windfall tax and the increase in the limit for VAT liability. …
The Supreme Administrative Court assessed “non-monetary income” with regard to employee benefits
The Supreme Administrative Court judged what is considered a non-monetary payment in the form of the use of healthcare, educational or recreational establishments, or contributions for cultural or sports events…
Act incentivising low-emission vehicles in public transport comes into effect
The adoption of Act No. 360/2022 Coll., on the promotion of low-emission vehicles through public procurement and public passenger transport services, which came into effect on 1 December 2022, is certain to be …
Data boxes: apparently still voluntary for citizens, newly compulsory for entrepreneurs
On 2 December, the Chamber of Deputies approved a proposal to amend the Electronic Communications Act and Authorised Conversion of Documents, which will abandon the originally intended automatic setup of data b…
The 2023 tax package including the windfall tax was published in the Collection of Laws
The act amending the area of taxation (i.e. the 2023 tax package), including the newly implemented windfall tax, was published in the Collection of Laws under no. 366/2022 Coll. on 2 December 2022 and will beco…
Supreme Court: Employers who entered into unpaid leave agreements with their employees during the pandemic might face an issue
In its judgment No. 21 Cdo 496/2022 of 23 August 2022, the Supreme Court of the Czech Republic addressed the issue of the validity of an agreement on unpaid leave concluded with a tour driver in a situation in …
Legal News [November 2022]: The Supreme Court dealt with a conflict of interest between the executive director and the company
In a breakthrough judgment of the Grand Chamber, the Supreme Court construes a conflict of interest between the executive director and the company in connection with the arbitration agreement. Judgement ref. no…
IFRS EU endorsement process [November 2022]
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 10 November 2022…