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Half of internet users click suspicious links. You just don’t know which half.

22.1.2019
50% of employees admit to clicking links from unknown senders. But which 50%? It’s time for a targeted approach to cybersecurity training. Teaching users with simulated phishing attacks and training is half the battle in the race against phishing attacks. But what about the real test for users? The phishing emails, the unverified USBs, the […]
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Changes in payroll in 2019

15.1.2019
Dear readers, we are providing you with a simple and brief overview of changes and new developments in payroll effective in 2019. Minimum wage increased With effect from 1 January 2019, the minimum monthly wage has been increased from the current CZK 12,200 to CZK 13,350. The basic hourly wage has been increased from CZK 73.20 […]
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Do you finance your company using debt capital and deduct the financial costs from the corporate income tax base?

5.12.2018
If so, we recommend acquainting yourself with the proposed amendment to the Income Taxes Act in sufficient time in advance. The amendment is currently before its second reading in the Czech Parliament’s Chamber of Deputies as the implementation of the European Anti-Tax-Avoidance Directive (as we informed you in our August newsletter) will bring a significant […]
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Overtime work – records and payment

29.11.2018
Every now and then overtime occurs nearly in any line of business, in any job. How much overtime can employees work in a year? And how is it compensated? Overtime work is governed by the Labour Code, specifically section 78(1)(i) and section 93. Employees may be ordered by the employer to work overtime beyond their […]
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Proposed amendment to the VAT Act – new rules for tax base corrections and VAT

26.11.2018
In this newsletter you can learn about the proposed changes that will affect tax base corrections and VAT. The changes, which are to be brought by the draft amendment to Act No. 235/2004 Sb., on Value Added Tax (“VAT Act”), are expected to significantly affect all taxpayers wishing to issue a corrected invoice (tax document). […]
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Have you published your financial statements in the Collection of Deeds?

14.11.2018
If not, you face a risk of an administrative fine. Tax authorities have recently become more active in collecting the fine, as it does not require much effort. Do you know that the fine may be imposed not only by a commercial court but also by the tax authority? Companies are very well aware of […]
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RSM CZ now offers specific real estate valuations for investors and developers from VAT perspective

1.10.2018
When dealing with acquisitions of large properties intended for further development, we have recently received requests for expert opinions on purchase price allocations for the purposes of the VAT Act (Section 56 of Act No. 235/2004 Sb., on Value Added Tax). The valuations were related to brownfield sites in attractive locations in large cities where […]
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Brexit – keeping track of the current mood and expectations of UK businesses

11.9.2018
For a year, our colleagues at RSM UK have monitored the development of Brexit and its impact on the business environment in the UK. Businesses have been preparing for this milestone for months and are, surprisingly, in a rather positive mood in this context. However, what worries them most is the uncertainty of the government’s […]
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New benefit under sickness insurance

3.9.2018
A new benefit has been introduced with effect from 1 June 2018. This benefit is to help sickness insurance payers who need to care for a family member requiring a long-term and all-day home care following a hospital stay after a serious illness or injury and who are unable to carry out their job due […]
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Changes in rules for taking and carrying forward holiday

27.8.2018
This issue of our newsletter brings more details about the planned changes relating to taking and carrying forward holiday. Current rules governing carrying forward unused leave from one calendar year to another allow employees to carry forward holiday that the employees were unable to take due to their incapacity to work, maternity or parental leave, […]
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