Tax & Legal Update
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…
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?
Second wave of effects of the AI Act
Half a year after the ban on unacceptable artificial intelligence systems took effect, the European artificial intelligence regulation is entering its next phase. Since 2 August 2025, the second wave of rules of EU Regulation 2024/1689 (AI Act) have…
New cybersecurity law will affect thousands of organisations
The new Cybersecurity Act was published in the Collection of Laws on 4 August 2025. With effect from 1 November 2025, it transposes into the Czech environment the European NIS2 Directive. The aim of the act is to increase the level of cybersecurity…
Accompanying law to JMHZ brings changes to R&D allowances
The entry into force of the new law accompanying Single Monthly Employer Reporting (in Czech Jednotné měsíční hlášení zaměstnavatele or JMHZ) will introduce changes to the administration agenda of employers and to the Income Tax Act. Particularly…