Taxes and accounting

  • Abolition of real property transfer tax and the impact on the structure of real estate transactions on the Czech market

    20. 10. 2020 Petr Karpeles

    In September, Act No. 386/2020 coll. was declared, by which, among others, real property transfer tax (a form of the previous real estate transfer tax) was excised from the Czech tax system. Whilst among individuals this benefit has partially been “redeemed” by other disadvantages (e.g. tightening the test for exemption of real property sales from…

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  • Planned changed in the area of property amortization

    12. 10. 2020 Petr Karpeles

    In September 2020, The Budget Commission recommended not only that the Chamber of Deputies of the CR pass the government package for 2021, but likewise inserted its change proposals into it – among others, they concern changes in the area of property amortization. These are intended to support entrepreneurial subject investment. One of the proposed…

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  • Sale of leased real estate without VAT

    29. 9. 2020 Petr Karpeles

    At the Coordination Committee on 9 September 2020, a contribution compiled by our colleagues, specifically, Jana Jirmásková and Filip Oudes was approved by the representatives of the Ministry of Finance and the Directorate General of Public Finances. A Coordination Committee is a platform between the mentioned fiscal authorities and the Chamber of Tax Advisors. The…

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  • Reliefs for employers – update

    8. 9. 2020 Ludmila Benešová

    Extension of the Antivirus A and B programs The government passed an extension of the Antivirus program in support of employment, in forms A and B until the end of October 2020. In the framework of this program, the state compensates employers for part of employee salary expenses. Antivirus A is intended for businesses with…

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  • Compensation bonus for contractors

    14. 8. 2020 Ludmila Benešová

    On 6. 8. 2020, the Fourth Amendment to Act No. 159/2020 Coll. on the compensation bonus in connection with the crisis measures in connection with the incidence of coronavirus SARS CoV-2 took effect. The amendment enables employees who perform work in the basis of agreements outside of employment situations, i.e. on the basis of work…

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  • Significant tax changes

    3. 7. 2020 Ludmila Benešová

    On 1. 7. 2020 Act No. 299/2020 Coll. took effect, by which certain tax regulations have been changed in connection with the incidence of SARS CoV-2, as did Act No. 159/2020 Coll. on the compensation bonus in connection with crisis measures. By these Acts, the legislator wishes to alleviate the impact of the COVID-19 pandemic…

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  • Antivirus Program – note

    30. 6. 2020 Ludmila Benešová

    Antivirus – regime A and B – salary compensation Note the deadline for presenting the report for payment of the state contribution: The report that is decisive for the payment of the contribution has to be presented by the employer to the pertinent Employment Office at the latest by the end of the calendar month…

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  • Program Antivirus C – pardoning of social insurance deduction payments

    30. 6. 2020 Ludmila Benešová

    On 19th June 2020, the President of the Republic signed an Act on pardoning of social security duties, presented as the so-called “Antivirus C” program. Who can use this program? Employers from the entrepreneurial sphere who employ fewer than 50 employees, who participate in sickness insurance (the count also includes, for instance, employees on maternity…

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  • The COVID rent subsidy program

    30. 6. 2020 Ludmila Benešová

    On 19.6.2020, the Ministry of Industry and Trade made public the rules for provision of subsidies for rent payments to tenants who, due to passed special measures, were forbidden to sell goods or provide services on their premises. We have prepared from this material the most important rules for filing requests. Time, when it is…

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  • Questions and answers in connection with coronavirus no. 16

    19. 6. 2020 Ludmila Benešová

    Liberation package III Penalty free term for filing income tax returns extended In the Finanční zpravodaj (Financial Newsletter) no. 9/2020, a further ruling by the Minister of Finance to pardon tax penalties was made public. A possibility thus stems for corporations and individual income tax payers to file tax returns for the 2019 calendar year…

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