Tax & Legal Update
Draft amendment introducing changes to assignment of workers
In June, the Ministry of Labour and Social Affairs submitted to the government a draft amendment to the Labour Code and the Employment Act in connection with the transposition of an amended EU directive concerning the posting of workers in the…
New call to receive support for energy saving measures in enterprises
The Ministry of Industry and Trade announced the fifth call within the Energy Savings programme on 16 July 2019, aiming to provide support to businesses adopting energy savings measures in their enterprises (including the use of energy from…
One step closer to efficient resolution of disputes arising from interpretation of…
The governmental bill on international cooperation in resolution of tax-related disputes in the EU has been submitted to the Chamber of Deputies. The bill responds to the necessity to implement the EU Directive on tax dispute resolution mechanisms…
GFD sheds light on application of VAT on vouchers
The General Financial Directorate (GFD) issued its Information on the Application of VAT on Vouchers, clarifying the application of value added tax on various types of vouchers and illustrating tax implications on several examples from practice.
2018 through the eyes of the Ministry of Finance
What was the last tax year like according to financial administration officials? The published statistics show interesting figures and facts: In 2018, the financial administration completed, among other things, 32 577 tax inspections and procedures…
Parliament passes extensive amendment to Foreign Nationals’ Residence Act
The amendment underwent significant changes in the course of the legislative process. The approved wording includes the government’s authorisation to set economic migration quotas and to activate extraordinary work visas. The amendment will also…
General meeting’s consent to transfer or pledge part of a business establishment
The Supreme Court sided with a formal and material approach to the ‘part of a business establishment’ term, specifying when the general meeting’s consent is required to transfer or pledge a significant part of a business establishment.
EU introduces parental leave for both partners and ten-day paternity leave
The rate of employment for women in the EU is by 11.6% lower than that of men and, moreover, a third of all EU women work only part-time. Differences in employment are much more profound for parents and other persons with care responsibilities.…
Renewable energy sources for all Europeans
The last of the eight legislative acts constituting the Winter Energy Package was published in the European Union’s Official Journal in June. Submitted by the European Commission in November 2016, the changes to EU energy legislation aiming to…
Amendment to Asset Valuation Act to define market value
Draft amendment to the Asset Valuation Act submitted by the government to parliament aims to introduce a definition of market value as an alternative valuation method into Czech law. If passed, the new law should enter into effect on 1 January 2021.
Revolution in AML to affect all legal entities
With the implementation deadline for the fifth AML Directive approaching, preparations of legislative proposals transposing it into Czech laws are underway, including, among others, an amendment to the Czech AML Act (No. 253/2008 Coll. – Act on…