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10 February 2021

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...

03 February 2021

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...

12 January 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...

29 December 2020

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.

28 December 2020

Fraudsters are using increasingly sophisticated methods to trick people. With the development of computerization and digitalization, new threats are constantly emerging, often where organizations are not yet prepared for them. Vulnerability awareness concerns not only top managers, but also...

13 November 2020

From 1 January 2021, property owners will be affected by a fundamental change in the application of VAT. According to the current regulation of the VAT Act (the "VATA"), the lease of immovable property is exempt from VAT by default. However, Section 56a (3) allows landlords, who are VAT payers...

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