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 […]
Under the new law, an unlawful act committed in the name or interest of a corporate entity, or within its activity, will constitute a criminal act of such entity. Corporate entities can only be prosecuted for crimes explicitly defined in the Act. These include tax evasion, failure to pay obligatory insurance premiums, distortion of data […]
Amendments prepared in connection with the introduction of the Single Collection Point will shortly be discussed by the Senate, after the Chamber of Deputies approved Print No. 473 in the third reading. A motion to postpone the effective date of this Act to 2014, as agreed by the Coalition, was withdrawn during the discussions and, […]
An extensive amendment of the labour code proposed by the Ministry of Labour and Social Affairs was passed by Parliament on 9 September, 2011, yet the Senate and its left-winged majority turned the bill down during its meeting on 7 September. However, as expected, the governmental coalition outvoted the Senate’s veto and the amended law […]
The amendment to the Czech Employment Act aims at removing the most burning issues of the labour market, focusing on illegal work, job brokerage, employment of the disabled, and retraining. The major illegal-work related issue that has come under the spotlight of our lawmakers is the so called Svarc system (in Czech švarcsystém). Under the […]
On 8 September, 2011, the Chamber of Deputies of the Czech Parliament received a government bill related to the establishment of a single collection point and amending certain tax and insurance laws, in particular Act on public health insurance, and Act on social security and state employment policy contributions. The proposed changes should also apply […]
