Posts in English

  • The value of mergers and acquisitions fell in the quarter to the lowest level since 2009

    3. 7. 2020 Ludmila Benešová

    According to a report published by the Czech News Agency (ČTK), the value of mergers and acquisitions fell in the quarter to the lowest level since 2009. Commenting on this issue, TPA Valuation & Advisory partner Jiří Hlaváč told ČTK that in Europe in general, including the Czech Republic, a significantly slower decline in transactions…

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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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  • Reliefs for employers – current state

    1. 6. 2020 Ludmila Benešová

    Reliefs for employers – current state Antivirus A and B – contributions to firms for covering salaries – extension until the end of August – approved by the government The government will extend until the end of August the Antivirus program with contributions to cover salaries. The program was originally to cover the period from…

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  • Questions and answers in connection with coronavirus no. 14

    22. 5. 2020 Ludmila Benešová

    Postponement of the deadline for approval of financial statements Numerous companies are currently finishing work on compiling financial statements and have posed the question at the deadline by which it is necessary to approve the regular financial statement compiled for the finished calendar year 2019. The Act on commercial corporations fixes a deadline of 6…

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  • Questions and answers in connection with coronavirus no. 13

    19. 5. 2020 Ludmila Benešová

    The state contributes to business rents On 4th May 2020, the government passed the intention of the Ministry of Industry and Trade to contribute, in the form of a subsidy program, to entrepreneurs who have been affected by restrictive preventative government measures, towards payment of rent for business facilities. Entrepreneurs whose business activities have been…

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  • New reliefs for employers

    18. 5. 2020 Ludmila Benešová

    Below, we present an overview of newly proposed measures which are to aid employers affected by coronavirus to maintain work positions. Extension of the ANTIVIRUS (salary compensation) program – passed The government of the CR passed an extension of the Antivirus program to protect employment until 31. 5. 2020, i.e. employers affected by coronavirus will,…

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