Other changes arising from the Act on stabilisation of public budgets
Change to the Act on cash registers
The Act on stabilisation of public budgets incorporates amendments to the Act on cash registers, repealing the obligation to keep records of payments using a cash register. The original intention was that this obligation would come into force on 1 January 2008.
New exemptions from inheritance and gift tax
As from January 2008 exemptions from taxation under the Act on inheritance and gift tax will increase. Acquisition of assets by inheritance and donation will become fully exempt from tax if the assets are acquired after 31 December 2007 by persons in class II (distant relatives). Currently, full exemption is restricted to assets acquired by inheritance and donation by individuals (physical persons) in class I (spouses, parents, children, grandchildren), save for gifts of real property.
New exemptions from land tax
As from the beginning of 2008, a municipality will have power to approve a regulation exempting arable land, hop-gardens, vineyards, orchards and permanent grassed areas from land tax.
Higher turnover threshold for obligation to keep accounts
Pursuant to amendments to the Act on accounting implemented upon adoption of the Act on stabilisation of public budgets, as from 1 January 2008 the existing threshold of 15 million CZK annual turnover (above which individuals have a duty to keep accounts) has been increased to 25 million CZK.
Other articles
30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
The Advent Concert of Good Will, organised since 1995 by the law firm Kocián Šolc Balaštík for the benefit of the Committee of Good Will – Olga Havlová Foundation, will this year take place on Sunday, 7 December, from 7:00 p.m., traditionally in the concert hall of the Church of Sts. Simon and Jude in the Old Town of Prague. The concert is held under the auspices of the First Lady of the Czech Republic, Mrs Eva Pavlová.
Kyberbezpečnost nově: tisíce firem čekají nové povinnosti. Iniciativa je plně na podnikateli.
Od 1. listopadu 2025 čeká tisíce firem v České republice napříč různými odvětvími zásadní změna v oblasti kybernetické regulace. Nový zákon o kybernetické bezpečnosti spolu s řadou doprovodných právních předpisů totiž výrazně rozšiřuje okruh subjektů, na které bude dopadat. Cílem regulace je zvýšit odolnost technické infrastruktury vůči kybernetickým hrozbám. Místo úzkého okruhu pouze klíčových institucí se nová pravidla budou vztahovat na široké spektrum firem a organizací, které poskytují tzv. regulované služby. Jde o služby zásadní pro fungování společnosti a státu, jejichž narušení či výpadek by mohly mít negativní dopady na bezpečnost státu, ekonomickou stabilitu a každodenní chod společnosti.
KŠB assisted with the financing of the MOSAIQ Beroun project
KŠB provided legal advice to Avisum Beroun, a member of the Go4Home Group, in connection with the financing of the construction of the residential project MOSAIQ Beroun, secured by Trinity Bank.
