With effect from 26 September 2020, the real estate acquisition tax was abolished in the Czech Republic. This tax was applied to the acquisition of immovable property for a consideration, such as the purchase of land, the allocation of real estate to a trust fund or the acquisition of the right...
Following lengthy negotiations, the Czech Government reached an agreement and published a draft law on employment and its amendment, which contains the much-anticipated modification of the short-time work system. According to the ideas of the Ministry of Labour and Social Affairs, the law is to...
In the January issue, we informed you that the Chamber of Deputies is discussing an amendment to the Act on International Cooperation in Tax Administration, which implements the so-called European Directive DAC 6 into Czech law. From this obligation, financial administrations in European...
This Insight takes you through immediate short-term actions to consider to minimise overall tax payments to increase net cash flow within a multinational enterprise. We discuss how changing target profits for, or adjusting the relevant cost bases of, routine entities may boost cash flows and help...
With the transition to digital communication and more frequent work from home, the number of cyberattacks on companies is increasing. Recently, the number of so-called phishing attacks has increased at an unprecedented rate.
At the turn of August and September 2020, the Ministry of Industry and Trade announced three new calls for OP PIK support programmes.
In July of this year, the Supreme Administrative Court issued a judgment which, in our opinion, is a turning point in the issue of financial compensation for the withholding of excessive deductions of value added tax. In the case, the Supreme Administrative Court explicitly confirmed that the...
On 1 July 2020, there was another legislative change in the issue of pre-emption rights of co-owners of real estate, namely its abolition. It is a law that has changed four times in the past 10 years, almost as if the legislator could not decide whether to keep the pre-emption right or not.