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…
News
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…
24
Jan
Electronic register of beneficial owners
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…
09
Jan
Changes in real estate transfer tax
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…
27
Nov
The scary GDPR is not a revolution, but an evolution
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…
11
Oct
Country-by-Country Reporting is approaching
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…
