Check the options to transfer the registered office from non-EU countries

A cross-border transfer of the registered office as stipulated in the Czech Transformation Act has recently experienced a mild but noticeable development. The key limit of the Transformation Act is the fact that it only relates to cross-border transformations with the EU (or EEA) states. Under this Act, no cross-border transformation has been possible to date with countries such as Switzerland, the USA or Russia and will not be possible with Great Britain after its exit from the EU. However, general guidance on the cross-border transfer of the registered office of any legal entity under the current Civil Code might be an interesting solution. 

28. 2. 2018

Upcoming Amendment to the VAT Act

The Czech Ministry of Finance has presented the first proposed amendment to the VAT Act, which should (barring exceptions) become effective on 1 January 2019. The amendment is set to fully revise the rules for correcting the tax base or the possibility of decreasing VAT in respect of irrecoverable receivables. It introduces special treatment for taxing vouchers for the purchase of goods/services, thereby transposing the relevant EU Directive. 

28. 2. 2018