Tax & Legal Update
COVID Plus guarantees and postponement of the deadline for applications for subsidies
The anticipated Government regulation specifying detailed conditions for the provision of guarantees under the COVID Plus programme has been published in the Collection of Laws. Guarantees for loans granted within this programme will be provided by…
Waiver of VAT on the grounds of an extraordinary event
Value added tax on free delivery of goods and provision of services to selected entities is waived until the end of the state of emergency declared to fight the spread of the SARS-CoV-2 coronavirus provided that the goods and services serve to stop…
The issue of validity of “forced” settlement with the State
From the beginning of April, employers may apply for a contribution towards wage compensations from the Antivirus programme guaranteed by the Ministry of Labour and Social Affairs. The Ministry of Labour and Social Affairs grants the contribution on…
Postponement of advance payments on income tax on dependent activities and of…
The General Financial Directorate (GFD) has published a guideline allowing payers of personal income tax on dependent activities to apply for postponement of advance payments or for payment of the tax in instalments. Postponement (or payment in…
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…