Tax & Legal Update
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…
What’s new in support for businesses affected by COVID -19
Below we summarise the most recent information about subsidies and loan guarantees.
Rent payments in pandemic times I
The effects of the coronavirus pandemic are being felt by many lessees who use leased premises for commercial purposes. A governmental bill on certain measures to mitigate the effect of the SARS-CoV-2 pandemic, passed by the chamber of deputies,…
COVID-19 – Legal FAQs and their answers
Please consider the following answers our general comments on the current situation. If you are interested in the legal analysis of a concrete contractual relationship, the effect of the current measures on your business, or any other related legal…
Changes to compensation bonus for self-employed
The general public’s response to the government-approved compensation bonus for the self-employed in connection with coronavirus-related emergency measures has been very negative, leading the government to revise the bill. The revised compensation…
Ministry of Finance to abolish immovable property acquisition tax
The Ministry of Finance has announced its intention to abolish the tax on immovable property acquisitions and at the same time cancel tax deductions for new mortgages.
New calls in the fight against COVID-19
On 2 April 2020, the Ministry of Industry and Trade (MIT) announced new calls to participate in The Country for the Future and Czech Rise Up Programmes, focusing on support to fight COVID-19.
Approval of financial statements of joint-stock companies and limited liability…
Under the current circumstances, when the right to assemble has been restricted due to the spread of COVID-19, it remains to be discussed how corporations should fulfil their corporate duties, especially in connection with holding general meetings.…
Coronavirus infection - work accident or occupational illness?
Pursuant to the Labour Code, employers must compensate their employees for any damage or non-pecuniary harm incurred through an accident at work when performing work-related tasks or in direct connection with it. The same applies to occupational…
No penalty for late payment of health insurance premium by employers for employees
Pursuant to an amendment to the Act on Public Health Insurance, until 21 September 2020, no penalties will be imposed for the late payment of health insurance premiums for employees for the period from March to August 2020.
Selected measures to mitigate coronavirus impact
Currently on their way to the chamber of deputies are government bills aiming to mitigate the impact of the coronavirus pandemic. The bills should help debtors subject to enforcement proceedings and lessees of non-residential premises, as well as…