ELECTRONIC SALES REGISTER
The Ministry of Finance, in cooperation with the General Financial Directorate (“GFD”), recently launched an Electronic Sales Register website (“ESR”). In addition to providing general information and answering FAQs, the website clarifies the grounds for the ESR and outlines certain technical principles. The GFD admits that catering services may be reclassified from a standard VAT category to a reduced 15% one.
The Ministry of Finance has already dealt with the comments on the ESR Act. The Ministry of Finance responded to the discussion and observations during the consultation proceedings by making several changes. For example, the customer’s duty to accept a bill was deleted, and the penalty system has undergone substantial changes. Closing or suspending the operation of a breaching party’s establishment serves as a preliminary measure which can only be applied on a temporary basis until the breach is remedied.
While the ESR Act continues to be designed to apply nation-wide, the applicable implementation decree temporarily exempts all operations except for accommodation and catering services, wholesale and retail sales from the duty to keep sales records. The ESR Act will extend to other operations later after the tax authorities conduct a risk analysis.
The Ministry of Finance contemplates granting a CZK 5,000 one-off tax break to all personal income tax payers who would be obliged to keep sales records for the particular year as compensation for increased costs which they will incur as a result of the ESR Act.
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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?
Letošní rozhodnutí Nejvyššího soudu a Nejvyššího správního soudu navázala na rozsudky Soudního dvora Evropské unie, a, s platností i pro Českou republiku, konstatovala, že zveřejňování údajů v rámci evidence skutečných majitelů představuje nepřiměřený zásah do základních práv majitelů na soukromí a ochranu osobních údajů. Důležitým aspektem těchto rozhodnutí byl závěr, že sankce, které postihují povinné subjekty jako reakce na nesplnění jejich povinnosti zápisu do evidence skutečných majitelů, není možné vymáhat, dokud je evidence veřejná. Tato situace se změní 17. prosince 2025, kdy ministerstvo znepřístupní evidenci skutečných majitelů; povinným subjektům tak budou opět hrozit závažné sankce.
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.
