News Archive

Important § 17 of the Act on Auditors no. 93/2009 Coll.

In this article I would like to draw your attention to an important regulation - § 17 of the Act on Auditors, which includes a method how to determine an auditor for the statutory audit of financial statements.

The statutory...

Possibility to settle up the withholding tax in the income tax return

The amendment of the Income Tax Act made it possible for the residents of EU and European Economic Area to file their income tax return in the Czech Republic, if they receive from sources in CR:

• Incomes from provided services,...

Decrease in the administrative load for businessmen

The Senate passed a government's bill on 21.4.2010, which aims to decrease the administrative load for businessmen by a change in the individual laws.

The amendment would eliminate duplicate activities of different authorities,...

Recognition of professional qualification

A rule is applied within EU, where if a professional qualification for carrying out certain profession was acquired in the country of origin, the qualification for carrying out the same profession exists in any other EU country....

Final transfer of liquid assets (grants)

According to the amendment of the Corporate Tax and Dividend Tax Act, entering into force by 15 May 2010, the possibilities for final transferring of liquid financial assets without adjusting the tax base will be reduced.