Tax & Legal Update
Relaxing the rules for short-term business trips and employment of EU citizens
With the decreasing numbers of patients infected by the COVID-19 disease, certain measures imposed by the Government and affecting Czech employers and the entry of foreigners – EU citizens and third-country nationals – to the Czech Republic have…
Impact of governmental measures on the application of double taxation treaties
In response to the extraordinary governmental measures adopted in the context of the COVID-19 pandemic (e.g. restriction of travel, quarantine), the OECD has released a recommendation to address certain tax implications of a temporary change of the…
Certain issues concerning postponement of loan repayment
A new Act specifying certain measures related to repayment of loans during the COVID-19 pandemic came into effect on 17 April 2020. However, the possibility of postponing the repayment of certain loans entails some interpretation ambiguities as well…
Tax loss carry back
The Ministry of Finance has proposed an amendment to the Income Tax Act introducing the option to utilise tax losses retrospectively for up to two years, or prospectively for up to six years. This would not be just a temporary solution, as the…
Deadline for VAT refund only extended from next year?
On 21 April 2020 the government approved a bill on the administration of tax deductions, which should ensure that excess deductions of VAT shall be refunded to VAT payers within the currently valid 30-day deadline. The bill intends to suspend the…
What’s new in COVID-19 subsidy programmes
We are presenting new information on grant programmes aiming to support activities connected with fighting COVID-19.
COVID Prague – what’s new in support in the form of guarantees
We are presenting new information on support to small and medium-sized business in Prague as well as on COVID Plus and COVID III guarantees.
Applying for support under the Antivirus programme – practical experience
The Ministry of Labour and Social Affairs has launched the Antivirus programme through which employers may apply for a contribution for wage compensations paid to their employees. Applications can be submitted remotely through the Czech Labour…
Government okays increase in carer’s allowance
On 17 April 2020, the government passed a proposal for a temporary increase in carer’s allowance from the present 60% to 80% of the daily assessment base.
Personal data processing during a pandemic – the Office for Personal Data…
During a declared state of emergency, there is always the danger that public authorities may excessively infringe on citizens’ rights and freedoms – and this also applies to the protection of their personal data. The Office for Personal Data…
Extending compensation bonus period for the self-employed
The government has agreed on a bill extending the period for which self-employed persons may draw a compensation bonus in connection with the emergency measures. The bill still has to be passed by parliament and signed by the president.
Rent payments in pandemic times II – tax implications
The governmental bill on certain measures to mitigate the effect of the SARS-CoV-2 pandemic aims to protect lessees of commercial premises that are in default with rental payments. The bill may have a negative impact on lessors’ cash flows, due to…