The government could provide up to one trillion crowns to support entrepreneurs and companies affected by the spread of coronavirus, Prime Minister Andrej Babiš said at a press conference after the government meeting. According to him, about CZK 100 billion should go to direct aid and CZK 900...
We continue to monitor the coronavirus situation for you. We have prepared an overview of selected significant legislative innovations valid as of 15 March 2021.
The law provides a number of instruments to adjust your tax obligations. In addition, a decision by the Minister of Finance has now been issued, waiving across-the-board fines for the late filing of tax returns. Instruction "GFŘ D-44" was also issued, regulating the way tax authorities proceed in...
The compensation bonus represents direct support for businesses affected not only by the effects of government measures, but also by the pandemic as such. At the end of February, a new law passed the legislative process that builds on the current form of this support. In addition to other minor...
The Doing Business Guide 2021 is the updated edition of a series of annual guidelines providing information about changes with regard to taxes, legal forms, accounting and business practices in the Czech Republic. In addition the Guide offers a brief historical, geographical and political...
On Friday, 18 December 2020, the OECD issued a document entitled "Guidance on the transfer pricing implications of the COVID-19 pandemic". These guidelines provide commentary and illustrations on the practical application of market gap principles on four priority issues.