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PwC: What will change for physical persons in tax and insurance in 2012
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 f...
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PwC: Tax news in 2012
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)...
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PwC: Economic crime in the Czech Republic is increasing, more and more offenders are creeping into companies via the internet
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 be...
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Raben Logistics Slovakia: merger completed
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 th...
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Robert Neruda was named new partner of Havel, Holásek & Partners
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 la...
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KPMG: Chamber of Deputies likely to override president´s veto of Corporate Criminal Liability bill
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 ...
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KPMG: Tax reform to be discussed by the Senate
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 with...
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Havel, Holásek & Partners: MAIN CHANGES TO BE BROUGHT BY THE “BIG” AMENDMENT OF THE LABOUR CODE
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...
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Havel, Holásek & Partners: AMENDMENT TO EMPLOYMENT ACT
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...
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Havel, Holásek & Partners: PLANNED CHANGE OF WITHHOLDINGS FROM THE SEVERANCE PAY
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...
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