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Payroll Changes for 2021

12.1.2021
Dear business partners, We would like to inform you about what payroll changes you can expect in 2021. For example, you can learn about the much-discussed raising of the minimum wage or abolition of the super-gross salary. What are we to expect? Minimum wage increase The minimum monthly salary for full-time work will increase from […]
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The 2021 Tax Package was Published in the Collection of Laws on New Year’s Eve

12.1.2021
The closely watched and anticipated tax package for 2021 was finally published exactly on New Year’s Eve 2020, literally “at the eleventh hour”, in the Collection of Laws under No. 609/2020. The amendment (with a few exceptions) becomes effective on 1 January 2021 as declared. The question is, however, whether the Chamber of Deputies should […]
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Deadlines for filing tax returns by individuals and legal entities according to the amendment to the Tax Code

6.1.2021
In May of this year, we informed in our newsletter that the planned amendment to the Tax Code had surprisingly not yet been approved. The government then submitted an amended bill to the Chamber of Deputies, which went through the legislative process without major complications, and on 26 June 2020 the amendment to the Tax […]
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New legal measures concerning wages for 2021

6.1.2021
We would like to inform you about one of the changes in the Labour Code and we are also providing details on the planned tax package – the abolition of the “super-gross” wage. An amendment to the Labour Code is also set to take effect in 2021, with one of the changes involving the introduction […]
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New Act on Accounting

15.12.2020
At its October session, the Government approved the draft substantive intent of the new Act on Accounting. The new Act on Accounting will reflect the current needs of users and processors in the field of information and communication technologies and, last but not least, will bring the Czech accounting legislation a little closer to international […]
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Changes in the calculation of the annual leave entitlement in 2021

15.12.2020
In today’s newsletter we would like to advise you of important changes in the entitlement and use of the annual leave valid from 1 January 2021. The main change which is about to occur next year consists of a change from the leave entitlement being in days to the leave entitlement being in hours. First, […]
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COVID-19 pandemics and cyclical sectors – recovery, or an altered economic position?

29.9.2020
For significant events such as the COVID-19 pandemic, we can be tempted to believe that their effects are uniform across sectors. Leaning on the international Capital IQ database operated by Standard & Poors, this article shows that even in cyclical sectors, investors perceive the impact differently. Solid data is of paramount importance for economic decisions […]
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Antivirus Programme Extended

31.8.2020
We would like to inform you that on 24 August 2020, the government approved the extension of the Antivirus programme modes A and B until 31 October 2020. Antivirus, a targeted programme to support employment, has been in force since March 2020. Mode A Compensates employers who had to put their workers in quarantine or […]
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COVID – Rent Programme

3.7.2020
The special subsidy COVID – Rent programme was drawn up by the Czech Ministry of Industry and Trade in response to the global coronavirus pandemic. It is intended for entrepreneurs who, due to the emergency measures, had to temporarily close their establishments used for retail activities and provision of customer services in such establishments. The […]
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First Tax Legislation Amendments Related to Coronavirus Epidemic Waiting for President’s Signature

22.6.2020
In addition to what are called the liberation packages, the last of which again postpones the deadline by which individual and corporate tax payers need to file their 2019 tax returns without any sanctions until 18 August 2020, and the validity of which only required publication in the financial newsletter, there are also some changes […]
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