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Latest news - May 2017

Last month’s tax and legal news in a few sentences.

  • In the course of May, a third call within the TRIO programme is to be announced. According to the schedule, it should be the last call of this programme focusing on support for research and development. Unlike other programmes, the support is also available to applicants from Prague. The time available for submitting the projects should be at least 43 calendar days, and the results should be known by the end of 2017. Supported projects can be implemented starting from January 2018.
     
  • A Notice of the Ministry of Labour and Social Affairs announcing the amount equal to 50% of the average monthly wage in the national economy for the purposes of the living and subsistence minimum and amounts of 50% and 25% of the average monthly wage in the national economy for the purposes of state social support was published in the Collection of Laws under No. 121/2017. Starting from 1 July, the amount equal to 50% of the average monthly wage in the national economy is CZK 13 700.
     
  • A Notice of the Ministry of Labour and Social Affairs on the amount of the average gross annual wage in the Czech Republic for 2016 for the purposes of issuing blue cards under Act No. 326/1999 Coll., on Foreign Nationals’ Residence in the Czech Republic. For the period from 1 May 2017 to 30 April 2018 the average gross annual wage in the Czech Republic is CZK 331 068.
     
  • Tax exemptions do not apply to residential units in newly constructed family houses. The financial administration published this warning in its information on the application of tax on the acquisition of immovable property when acquiring an ownership title to a residential unit in a family house.
     
  • The European Commission issued a document on the future social dimension of the European Union, summarising the social situation in individual member states and outlining possible cooperation scenarios in the social area. A long-awaited package of measures intended to harmonise work and private life was also released. The information was published by the Ministry of Labour and Social Affairs on its website.