Monetary expansion through a liquidity injection from the European Central Bank, orderly defaults for the most indebted countries, Greek exit and a new currency bloc have been outlined as four potential outcomes of the Eurozone crisis in 2012, in a PwC report launched on 5 December 2011, “What next for the Eurozone – Possible scenarios […]
Deadline for filing a tax return in the case of company transformation shortened again? The regulation of deadlines for filing tax returns in the case of company transformations where the decisive date of a transformation is not the first day of the calendar or fiscal year has been amended many times in the Income Tax […]
On 4 January, 2012, the Second Call for proposals under the Real Estate programme of the Operational Programme Enterprise and Innovations (OPEI) was prolonged. The Call is open to all enterprises irrespective of their size, and for projects implemented in the Czech Republic, outside the City of Prague. Entrepreneurs may apply for support for the […]
In November 2011, seasonally adjusted retail sales went down 0.7% compared with October while compared with November 2010, they increased 0.5%, according to the figures published by the Czech Statistical Office (ČSÚ). Although the results beat market expectations, no trend of improvement in household consumption may be expected, according to Komerční banka analyst Miroslav Fray. […]
Criminal liability touches all Czech legal persons and entities that do business on the territory of the Czech Republic and it also applies to offences committed abroad. The company is responsible if it commits an offence in its own name or in the framework of its activities or if it is committed by an employee […]
1. Tax allowances Return of yearly tax allowance on taxpayer from last year’s CZK 23,640 to CZK 24,840 (abolishment of the so-called „flood hundred-crown note“) and increase in the child tax allowance from CZK 967 to CZK 1,117 monthly. 2. Insurance thresholds Decrease in the yearly threshold from last year’s CZK 1,781,280 to CZK 1,206,576 […]
The following news will be introduced from 2012 in the area of corporate income tax: The remuneration of the members of the statutory bodies is now a tax deductible expenditure (it concerns the members of the Board of Directors of joint stock companies and the Board of Directors of the cooperatives). Tax depreciation of receivables […]
A total of 29% of companies in the Czech Republic were victims of economic crime in the past year, while in 2009, “only“ 24% of companies were in the same situation. As well as elsewhere in the world, Czech companies are also being increasingly targeted by offenders via the internet. This has been shown by […]
Raben Logistics Slovakia, Transkam – Slovakia a Raben Trans Europe Slovakia (formerly Wincanton) are merged successfully Raben Logistics Slovakia, Transkam – Slovakia and Raben Trans European Slovakia (formerly Wincanton) was merged as of 1 January, 2012. With this merger it has became one of the largest companies in the logistics industry in Slovakia. The newly […]
Robert Neruda was named the twenty-first partner of Havel, Holásek & Partners. With 140 lawyers, Havel, Holásek & Partners is the largest Czech-Slovak law firm. In his new role, Robert Neruda will be co-responsible for the development of the firm’s specialised antimonopoly law practice group, as well as for the development of a legal team […]
