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…
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…
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…
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…
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…
Effective 1 January 2018 a register of beneficial owners was introduced under Act No. 304/2013 Sb. providing for public registers of legal entities, natural persons and trusts, as amended as at 1 January…
On 24 November 2017, the tax authority published information which changes its tax administration practice. In its Decision of 28 June 2017 (Ref. No. 4 Afs 88/2017 – 35), and in its Decision…
Do you already protect personal data in your company? Do you know how many of your employees use WhatsApp or Viber on their business mobile phones? If yes, then you…
The Chamber of Deputies of the Czech Republic has passed the amendment of the Act on International Cooperation which includes the so-called “Country-by-Country Reporting”. The amendment of law stipulates that multinational companies (MNCs) who…
The Income Taxes Act On 18 August 2017, Act No. 246/2017 Sb., providing for European political parties and European political foundations became effective. As part of the Act, there is also a change…
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