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?
Author CZ - Lenka Brummerová
Report on relations in the Czech Republic
We would like to remind you the annual legal obligation to prepare a Report on Relations under the Business Corporations Act (the BCA). The obligation to prepare the Report on Relations is set by law for all companies (controlled entities) that are controlled by another entity or form part of a group of companies. The
Data boxes from 1 January 2023 in the Czech Republic | News Flash
The data boxes represent a secure and state-guaranteed electronic communication portal, which can be used to communicate with authorities, courts or other entities, including private entities. For now, all public authorities, legal entities registered in the Commercial Register, and representatives of the so-called liberal professions such as attorneys, insolvency administrators, auditors or tax advisors are
New rules for the beneficial owners in the Czech Republic | News Flash
On 1 October 2022, the amendment to the Act on the Register of the Beneficial Owners came into force. This amendment responds to the requirements of the European Commission, according to which the current local regulations on the beneficial owners are not in compliance with the European law. The amendment will further reduce the administrative
