Tax & Legal Update
GFD clarifies employee benefit treatment
An accompanying law to the JMHZ that amends the Income Tax Act is currently awaiting the president's signature. The amendment clarifies the rules for providing employee benefits with the aim of preventing salary/bonus swaps. Following this new…
Single monthly employer reporting: questions for GFD and ministry representatives
Next year, employers will get to see fundamental changes in taxes and mandatory contributions. The dozens of prescribed forms and reports they now must use will be replaced by a single monthly employer report (JMHZ). With Director General of the…
JMHZ accompanying bill passed by chamber of deputies
On 10 September 2025, the chamber of deputies passed an accompanying bill to the Act on Single Monthly Employer Reporting (in Czech Jednotné měsíční hlášení zaměstnavatelů or JMHZ) reflecting the senate’s amending proposals.
EU-US Framework Trade Agreement will help make trade cheaper
In August, the European Union and the United States issued a joint statement on a new framework agreement. This is intended to make trade between the two parties easier and cheaper.
Whatever happened to Code of Administrative Justice amendment?
The amendment to the Code of Administrative Justice was published in the Collection of Laws on September 2.The new rules of will affect the process of defending against decisions or interventions by administrative authorities in court. In our…
Banking amendment: wider powers for CNB and clarification of rules for branches of…
The amendment to the Banking Act and other financial market laws is already valid, and most of its provisions will enter into effect from 11 January 2026. The amendment transposes the Capital Requirements Directive VI (CRD VI), regulates certain…
CBAM: new obligations for importers
The Carbon Border Adjustment Mechanism (CBAM) is the European Union’s key tool to combat climate change. It aims to eliminate the risk of ‘carbon leakage’ where production is moved to countries with less stringent emission standards. New obligations…
Unreported work: new Employment Act concept
From 1 October 2025, an amendment to the Employment Act enters into effect introducing a new legal concept – unreported work. It significantly changes the obligation of employers to report the commencement of the employment of foreigners to the…
CJEU agrees with VAT payer claiming tax exemption
The Court of Justice of the European Union (CJEU) has ruled that the tax exemption for exports of goods can also be applied to supplies of goods originally intended for the supply to another member state, as long as the conditions for exemption of…
New Accounting Act: revised bill brings clarifications
The Ministry of Finance has submitted another revised version of the new draft Accounting Act to the government. Its expected entry into effect has thus been postponed again, with January 2027 being the earliest possible date.
Foreign Subsidies Regulation: review may affect practice The Foreign Subsidies…
The Foreign Subsidies Regulation is facing a review by the European Commission. What will the commission focus on, what’s the current status and what steps are expected?