Taxes
5 March 2019

Amendment to VAT Act: Are meal vouchers liable to VAT?

The tax package returned by the Senate to the Chamber of Deputies, to be discussed again on 12 March 2019, contains, among other things, the implementation of the Vouchers Directive. This directive regulates the rules under which the VAT regime for…

Taxes
5 March 2019

TREND – a new programme to support industrial research

The National Research and Innovation Strategy for the Czech Republic’s Smart Specialisation (National RIS3 Strategy) is preparing an entirely new programme to support applied research and experimental development. The TREND programme builds upon the…

Case law
7 February 2019

SC: Threats to employer reason for immediate termination

“If I do not get the centre manager job, I will see to it that the employer cannot draw subsidies and goes bankrupt”, an employee threatened his superiors. When the employer found out, they immediately terminated his employment. The validity of this…

Taxes
7 February 2019

Transfer prices and audits of financial statements

The beginning of each calendar year traditionally entails intensive work on audits of financial statements. Among multinational corporations in particular, accounting issues are very often closely connected to an audited entity’s cooperation with…

World news
7 February 2019

EU-Japan Economic Partnership Agreement

The EU and Japan's Economic Partnership Agreement entered into force on 1 February 2019, eliminating the majority of existing tariff and non-tariff measures pertaining to the delivery of goods and the provision of services, enhancing mutual…

Taxes
7 February 2019

Tax package 2019 – Senate propose changes

What is the stage of the 2019 tax package in the legislative process? Late in January, the Senate returned the bill to the Chamber of Deputies with amending proposals. Below, we summarise the most important ones.

Legal
7 February 2019

Brexit implications for Czech financial sector

The Czech Republic is preparing for a hard Brexit, as the deadline for the United Kingdom leaving the EU is approaching. Earlier this year, the government proposed a bill on Brexit designed to mitigate the impact on British citizens and corporations…

Legal
7 February 2019

New rules and duties for real property intermediaries

To protect consumers and enhance the quality of real property services, the government approved a new bill on real property intermediation and on changes to the Trade Licensing Act. Persons interested in the purchase/sale/lease/acquisition of the…

Webdesign