03
Mar
Income Taxes: Changes in 2021
In 2020, amendments of the Income Taxes Act were passed. The changes came into effect on 1 January 2021. However, the changes regarding depreciation of assets may be applied retroactively,…
News
02
Apr
VGD News April 2020
Dear business partners, On 24 March, 2020 the Ministry of Finance has announced in their Financial Bulletin no. 5/2020 a decision about remission of tax accessories, tax advances and administrative fees due…
31
Mar
Czech Covid-19 response
Corporate and Personal Income Tax The late filing of the corporate income tax return and personal income tax return and payment of the resulting income tax which was due on…
16
Mar
Limited operating hours of VGD Prague Office at Bělehradská 18
In connection with the state of emergency (due to CO-VID 19) introduced by the government of the Czech Republic, we would like to inform you about the following changes at…
05
Jun
2019 Tax Packet: Part 1
In March 2019, the so-called “tax packet” was adopted, amending ten (mainly) tax laws. A substantial part of the tax packet became effective 1 April 2019; however, some changes will become effective…
09
Apr
Amendment of business corporations act
Five years have passed since Business Corporations Act came to effect, Act that has replaced Commercial Code and newly governs internal legal relations within Companies. After initial sprint to submit companies under newly…
09
Apr
Amendment to the Labor Code
With effectiveness of 1st July 1, 2019 the employees will receive wage compensation even during the first three days in case they are temporarily unfit to work. The amount of wage compensation…
16
Apr
VGD News April 2018
1 Transfer pricing Transfer price is price applied on transactions between two economically or personally related parties. Transactions between related entities in case of local or even multinational companies affect profits and…
14
Feb
VGD News February 2018
Stages 3 and 4 of Electronic Records of Sales Stages 3 and 4 of Electronic Records of Sales The Constitutional Court in Brno has deferred the effective dates of stages 3 and 4…
12
Feb
New acquisition by VGD
Dear Business Partners, We are proud and excited to announce that VGD has acquired MIVO s.r.o., an accounting and tax advisory company located in Prague. MIVO s.r.o. became a part…
