Taxes and accounting

  • Kurzarbeit goes to the Senate

    1. 6. 2021 Ludmila Benešová

    The amendment to the Employment Act which adjusts so-called kurzarbeit was passed by the deputies and will now make its way to the hands of the senators. The amendment to the Employment Act implements an “allowance during the part-time work period”. This possibility has to be activated by a government ruling if the economy of…

    Read more
  • Changes in care-giver’s allowance in connection with special epidemic measures

    1. 6. 2021 Ludmila Benešová

    If your child could not go to school due to its closure under a government order due to special measures, only another member of the family could take care of this child until now. Thus the condition was that the person who requested a care-giver’s allowance lived together with the child in one household. As…

    Read more
  • Meal allowances – supplementary information from the Financial Administration

    1. 6. 2021 Ludmila Benešová

    On its webpages, the Financial Administration made public supplementary information to the amendment to the Income Tax Act, which as of 1st January 2021 enables employers to provide employees with a monetary allowance for meals, the so-called meal voucher flat fee, as an additional form of meal allowance under advantageous tax conditions. This is an…

    Read more
  • Registration of beneficial owners

    11. 5. 2021 Ludmila Benešová

    As of 1st June 2021, Act No. 37/2021 Coll., on registration of beneficial owners (RBO Act) takes effect. Simultaneously, the Amendment to Act No. 253/2008 Coll., on certain measures against legalization of proceeds from criminal activity and financing terrorism (AML Act), also takes effect. We would like to draw your attention to new obligations connected…

    Read more
  • Claiming tax losses

    11. 5. 2021 Ludmila Benešová

    1. Waiving the right to claim tax losses in the future We would like to inform you about material negotiated at the coordination committee in March 2021, which concerns claiming tax losses. We refer to contribution No. 574/24.03.21 Waiving the right to claim tax losses in the future. Several areas of questions, which were not…

    Read more
  • Record of beneficial owners – Amendment as of 1. 6. 2021

    29. 4. 2021 Ludmila Benešová

    New Act The new Act on Registration of Beneficial Owners (“AML Act”) brings significant changes in the regulations for recording of beneficial owners. Implementation of penalties for contravention of record-keeping obligations is fundamental. Members of statutory bodies, beneficial owners, but also obliged entities, such as accountants, auditors and tax advisors, pursuant to the AML Act…

    Read more
  • Accounting of subsidies from the COVID rent III program

    13. 4. 2021 Ludmila Benešová

    Filing requests in this program was closed on 8 April 2021 and numerous accounting entities have posed the question as to how to account these subsidies. Especially confusing for accounting entities is the fact that the months of October, November and December 2020 constitute the applicable period for which support has been provided, and are…

    Read more
  • New subsidy programs

    13. 4. 2021 Ludmila Benešová

    We would like to draw your attention to subsidy programs that were announced at the beginning of April. After the announcement, certain conditions of the program were further clarified; the text below draws from information announced on 9th April 2021 on the Ministry of Industry and Trade web. There are two programs, from which entrepreneurs…

    Read more
  • The Antivirus Program

    18. 3. 2021 Ludmila Benešová

    The Antivirus Program has been extended to 30. 4. 2021, but only for those employers who accept changes stemming from Cabinet Resolution No. 186/2021. Certain conditions, for which allowances are granted, have changed; see below. These changes will be implemented into agreements closed after 28. 2. 2021 – in the form of a supplement to…

    Read more
  • Quarantine allowance “izolačka”

    18. 3. 2021 Ludmila Benešová

    From 1. 3. 2021 to 30. 4. 2021, employees are eligible for a special allowance during quarantine (isolation) by order. The employer pays them the allowance. The employer deducts these allowances from social security insurance and the contribution to the state employment policy. The allowance is determined for an employee who has been under quarantine…

    Read more
1 2 3 4 7