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Transfer of personal data abroad | News Flash

2 Nov 2018

Download PDF Transferring personal data abroad is happening very often in today’s globalized world, concerning a considerable amount of companies running their business internationally. This phenomenon is fostered by dynamic development of modern technologies, which allow companies to share their data throughout its group in real time without additional costs. Virtually all branches of multinational enterprises

Intensified inspections of illegal employment in the Czech Republic | News Flash

22 Oct 2018

The representatives of the Ministry of Labor and Social Affairs of the Czech Republic, The State Labor Inspection (SÚIP) and the Police of the Czech Republic have agreed to intensify inspections focused on illegal employment. This is due to an increasing number of illegal workers in the Czech Republic. The number of fines imposed for

Registration of the ultimate beneficial owners in the Czech Republic | News Flash

22 Oct 2018

Download PDF With effect from January 1, 2018, the Register of ultimate beneficial owners of the legal entities was established in the Czech Republic (hereinafter the "UBO Register"). The UBO register was implemented by the amendment to the Anti Money Laundry Act and the business corporations and cooperatives are obliged to register their ultimate beneficial

Group VAT registration in the Czech Republic | News Flash

16 Aug 2018

The deadline for submitting applications for registration of a VAT group is nearing. Should the group be a VAT payer from January 1st, 2019, the application must be submitted by October 31st, 2018. Read more in our article.

VAT refund from other EU Member State in the Czech Republic | News Flash

20 Jul 2018

 Download PDF! Are you registered to VAT and your employees incurred transportation expenses (e.g. taxi fares, public transport fares, fuels and road tolls), accommodation expenses and expenses on professional trainings in relation to business trips? Did your company purchase goods in another EU Member State and the goods remained in the territory of the respective

Long-term family member care leave in the Czech Republic | News Flash

2 Jul 2018

Due to the difficulties faced by the companies in implementing the electronic cash registers triggered by both the producers/distributors of electronic cash registers and tax authorities, by delaying the publishing of technical procedures, the application of penalties for the companies that do not use electronic cash registers was postponed.

Approval of financial statements in Czech Republic | News Flash

6 Jun 2018

The companies have a statutory obligation to submit for approval their financial statements of the previous accounting period. Then the approved financial statements shall be submitted to the Collection of Deeds. What is the threat of a fine for non-compliance?

5 main changes to employee taxation in the Czech Republic

26 Apr 2018

2018 brought five main changes to employee taxation in the Czech Republic: Increase of the minimum wage, tax exemption of employee benefits expanded, new deductible item for bone marrow donation, increase of the tax credit per the first dependent child from 2018 and new paternity leave regulation.

Country by country reporting in the Czech Republic – list of countries involved | News Flash

25 Apr 2018

On 31 January 2018, Ministry of Finance of the Czech Republic published a long-awaited list of countries involved in CbCR. Until that date, it was certain that all EU member countries (as the CbCR obligation was also transposed to EU countries national legislatives though Directive No. 2016/881/EU) and USA (with which the Czech Republic conducted a bilateral Agreement on exchange of Country-by-Country Reports) were involved in the CbCR. However, information on which other countries are involved in CbCR was not published by this date.

Checklist for eShops in the Czech Republic | Infographic

28 Mar 2018

The rapidly developing area of e-commerce is regulated on European level as well as by Czech legislation. If you want to operate your business activities through an e-shop, you shall comply with all relating legal conditions. What are the most important you should be aware of? Check the most important issues that shall matter to

VAT calculator for the Czech Republic 2018

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Payroll calculator for the Czech Republic 2018

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Report on relations in the Czech Republic | News Flash

6 Mar 2018

In March, an annual legal obligation to prepare the Report on relations arises for many companies. This Report is to clarify the relations between a business corporation registered in the Czech Republic, a so-called controlled party and an entity that has an effective influence over this party. In most cases, a major / sole shareholder

10 facts about taxation in the Czech Republic | Infographic

28 Feb 2018

Accace´s 10 facts about taxation in the Czech Republic is an overview that must not be missed if you own or intend to open a business in the Czech Republic. Are you curious about how these taxes will evolve in 2018?  Then subscribe to our newsletter  and stay up to date with the latest news in the Czech

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