Blog

  • Meal voucher flat fee – yes or no?

    15. 2. 2021 Jana Vítková

    As of 1st January 2021, the new institute of the so-called meal voucher flat fee was added to Czech legislation. In view of the fact that we are often asked by our clients as to its advantages or possible pitfalls, we would like to put forward several arguments which should be taken into account when…

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  • No. of M&A transactions on Czech market down to 69 in 2020

    12. 2. 2021 Jiří Hlaváč

    Prague, Jan 25 (CTK) – The Czech mergers and acquisitions market showed declines in both the volume and number of transactions in 2020, with a total of 69 deals carried out in 2020 as opposed to 92 the previous year, according to data from consulting company TPA and the Mergermarket database. The purchase price was disclosed in…

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  • The Gentleman’s Firm – interview

    11. 2. 2021 Ludmila Benešová

    In January we informed you about the winner of the Gentleman’s Firm 2020 award. We now bring to you an interview with Rostislav Kuneš, member of the Gentleman’s Firm Committee, who personally participated in a visit to the ERA-PACK company. What was the main reason for the victory of ERA-PACK in the Gentleman’s Firm of…

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  • Amendment to the Law on Valuation and its implementing decrees

    5. 2. 2021 Tomáš Podškubka

    Last year saw an amendment to the Law on Asset Valuation (No. 151/1997 Coll.) and its implementing decrees, effective as of 1. 1. 2021. The main new development is a refinement of the procedure for estimating the open market value and implementation of the possibility to appraise market value. The Law on Valuation deals with…

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  • Meal voucher flat fee

    4. 2. 2021 Petr Karpeles

    The meal voucher flat fee was newly implemented into the Income Tax Act as of 1. 1. 2021. This is a tax-advantaged monetary contribution for providing meals to employees, provided by their employers. Providing a meal voucher flat fee thus leads to a rise in the employee’s net income. This is an alternative to canteen…

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  • Antivirus A, A plus, B Programs

    4. 2. 2021 Petr Karpeles

    On 21st December 2020, the government passed, by Ruling No. 1365, an extension of the period for the recognition of expenses in the Antivirus Program (Regime A, Regime B, Regime A Plus) to 28th February 2021. Antivirus A The support is designated for employees as compensation of expenses per employee who had to limit their…

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  • COVID – Gastro – Closed facilities

    4. 2. 2021 Petr Karpeles

    The program is designated for entrepreneurs (individuals or corporations) , whose performance of business activity has directly been limited on the basis of government measures from 14. 10. 2020 and who have employees or so-called “co-operating self-employed persons” (in Czech: “spolupracující OSVČ”). The program pertains to applicants who have been affected by crisis measures, thus…

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  • COVID-Rent III

    4. 2. 2021 Petr Karpeles

    The coronavirus pandemic continues to affect many fields of business, which is why the Ministry of Trade and Industry has prepared the third proclamation in the context of the COVID Rent program. Applications for support in the context of the 3rd proclamation will be accepted from 1. 2. 2021 and will be accepted until 1.…

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  • TPA has donated CZK 40,000 to Dětské krizové centrum (tr. Children’s crisis centre)

    21. 1. 2021 Ludmila Benešová

    The TPA group, a leading company in the area of tax consultancy and audit, has supported with the amount of CZK 40,000 the operation of Dětské krizové centrum, which focuses on aiding endangered children and their families. The funds will help in the operation and further development of Urgentní krizové pomoci (tr. Urgent crisis aid),…

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  • Appraising fund assets and liabilities in real value

    14. 1. 2021 Tomáš Podškubka

    With the amendment to accounting regulations, an obligation was laid down as of 1. 1. 2021 to appraise fund assets and liabilities in fair value (real value) following international accounting standards (IFRS). Still prior to this change, funds had to appraise the value of their assets and liabilities regularly, i.e. to fix their net asset…

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