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Extraordinary tax measures in response to the spread of coronavirus in the Czech Republic and Slovakia

18.3.2020
CZECH REPUBLIC In connection with the spread of coronavirus, the Minister of Finance of the Czech Republic has used the powers granted to her by in the Tax Code and has decided to waive penalties for late filings and related late tax payments and certain administrative fees. Detailed information on each of the measures can […]
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Important announcement: COVID-19

16.3.2020
In accordance with the (unfortunately) increasing number of COVID-19 cases and the uncertainty all over the globe, we would like to inform you about the precautionary measures RSM CZ & SK group agreed on in order to protect the health and safety of our clients, our employees and their families. I would like to assure […]
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Regular updates of transfer price settings minimise the risk of deviating from the market standard

5.3.2020
Last year, the Ministry of Finance issued Guideline GFD D – 34, “Communication on the Application of International Standards in the Taxation of Transactions between Associated Companies – Transfer Prices” as a response to the updated OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations from 2017. Guideline D – 34 provides practical recommendations […]
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The legislative process for tax in connection with the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union

25.2.2020
Most of you are undoubtedly aware of the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union (“Brexit”). In the context of Brexit, countless questions have arisen about its tax implications. The text below summarizes the tax legislation changes that have been adopted in the Czech Republic in connection […]
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RSM’s global revenue jumps 6.9% powering network growth to $5.74bn

27.1.2020
Key highlights in 2019 6.9% increase in global revenues year-on-year at average exchange rates (*8.8% at constant exchange rates) Global headcount increases by 1,872 and 54 new offices Double-digit growth for 46% of member firms Growth led by North America (14.8%) Service line growth dominated by tax (11.7%) and consulting (7.2%) Key merger activity in […]
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Webinar: What is the impact of the ‚Wayfair‘ decision on non-US businesses selling to US consumers?

24.1.2020
Global businesses selling goods and services to U.S. consumers must navigate federal, state and local taxing regimes. State and local taxes are imposed independently of federal taxes, often without treaty protections. After the US Supreme Court’s landmark decision commonly known as ‘Wayfair’, foreign businesses are more exposed than ever to these subnational tax regimes. Join […]
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Nugget SW Becomes RSM Payroll Solutions CZ

20.1.2020
RSM CZ a.s. bought a 100% share in Nugget SW s.r.o., a company that specialises in payroll outsourcing and the development of software for payroll processing and human resources management, in July last year. Early this year, Nugget SW was successfully integrated with the RSM advisory network and, starting from 20 January 2020, will be […]
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Do not repeat the mistakes made by the Benešov hospital or OKD

20.1.2020
What actually is ransomware? Ransomware is one type of malicious software. The name suggests its aim is to get money from the victim by extortion (ransom). Recently, the destructive power of this system was demonstrated in a particularly unpleasant way to the staff of the Benešov hospital… The most familiar behaviour of ransomware is based […]
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Payroll changes in 2020

13.1.2020
Dear clients, We would like to inform you in a simple and concise form about the changes and news regarding the payroll agenda valid as of 1 January 2020: Increase in minimum salary The minimum monthly salary for full-time work will grow from the existing CZK 13,350 to CZK 14,600 The hourly rate will grow […]
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Changes in the calculation of wage deductions

30.11.2019
The change in the calculation of legal wage deductions occurred already in the processing of monthly wages for June 2019. This concerns an amendment to Government Regulation No. 91/2019 Coll. amending Government Regulation No. 595/2006 Coll. on the method used for calculating the base amount that cannot be deducted from the monthly wage in the […]
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