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…
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.
COVID-19 and transfer pricing
While liberation packages may mitigate the immediate effects of the COVID 19 pandemic on businesses’ financial performance, sooner or later, enterprises that are part of multinational chains (MNEs) will have to deal with the crisis’ consequences for…
Approval of financial statements of joint-stock companies and limited liability companies during the pandemic
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.…
European Commission’s steps to fight coronavirus repercussions
Below we summarise certain steps adopted by the European Commission to fight the spread of COVID-19, primarily focusing on providing economic (material) assistance and loosening some regulations.
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…
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…
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.
Applications accepted for guaranteed loans under COVID II programme
Applications for COVID II guaranteed loans are being accepted since Thursday, 2 April 2020. More detailed information on how to apply for this aid has also been published.
Loan guarantees for large enterprises – COVID plus guarantee programme
In cooperation with the Ministry of Industry and Trade and the Export Guarantee and Insurance Corporation (EGAP), the Ministry of Finance is preparing a programme to mitigate the impact of the coronavirus crisis on large export firms and…
Submission of applications under the Antivirus Programme
The Ministry of Labour and Social Affairs (MLSA) updated its Antivirus Programme manual for employers. It describes in more detail the criteria for the entitlement of employers to aid through compensation of some wage expenses to employers.
Lex COVID – crisis measures in insolvency law
The government has approved a draft bill introducing, among other things, special measures to mitigate the insolvency law-related effects of the coronavirus pandemic. The objective of these measures is to avert the risks of mass insolvencies and to…