Pending Amendment to the Value Added Tax Act
What is new under the draft is the introduction of the tax authority’s new editing duty regarding binding assessment of tax rates. The tax authority shall be obliged to issue the relevant decision within 30 days after the application has been filed. If the decision is not issued the application, including the proposed rate, shall be deemed to have been approved.
Filing of tax returns is planned to change as well. Payers subject to statutory monthly taxation shall be obliged to file VAT tax returns electronically, including summary reports. If a taxpayer files a VAT tax return on a paper form, the tax return shall be deemed not to have been filed.
The construction industry is yet another area to be subject to major changes. Construction, reconstructions, repairs and sale of buildings for “social living” shall be subject to the reduced tax rate. Other constructions are to enjoy the reduced rate only if repairs and reconstruction of apartment and family houses are involved.
All newly proposed provisions should take effect on 1 January 2008, save for the section applicable to the filing of tax returns via electronic means that is scheduled to take effect on 1 January 2010.
In addition to the changes referred to above, a group of deputies presented a draft to be discussed by the Chamber of Deputies under which wood fuel should be subject to the reduced tax rate instead of the current basic rate.
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KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
Evidence skutečných majitelů: Co přinese znepřístupnění od 17. prosince 2025?
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30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
This year again, during the pre-Christmas season, the Advent Concert of Good Will took place. Since 1995, it has been organised by the law firm Kocián Šolc Balaštík in support of the Committee of Good Will – Olga Havlová Foundation. This was already the 30th anniversary edition, made exceptional by the fact that we organised it for the first time together with our partner, Smetanova Litomyšl, as part of a broader mutual cooperation. As always, the concert was held in the concert hall of the Church of Sts. Simon and Jude in Prague’s Old Town.
