28.2.2015
News

CLOSER LINK BETWEEN THE IMMOVABLES TAX ACT AND THE CIVIL CODE

Amendment No. 23/2015 Coll. to Act No. 338/1992 Coll., the Immovables Tax Act, which took effect on 5 February 2015, revises and provides more details on certain provisions of the Immovables Tax Act in order to achieve greater harmony with and a closer link to the new Civil Code. The amendment provides a better definition of the subject of tax on land tracts, buildings and apartments, and it introduces the term “taxable apartments” (considered a recently finished or used apartment). The amendment also more precisely defines a “construction tract of land”, which is regarded as a tract of land to be built up which does not contain a taxable building. Moreover, the amendment more clearly sets the conditions for awarding tax relief on land where the relief (exemption) to be awarded requires a public transport structure to be built and used on the land tract (as per the occupancy decision or occupancy approval issued by a special Construction Authority). The Act’s terminology was harmonized with the Tax Authority’s terminology (e.g. “tax assessment” has been replaced with the term “determination of tax” and there are other changes in the terms referring to a taxation period or the penalty for late tax claim).

To ensure they duly discharge their tax obligations in 2016, taxpayers should get familiar with the new terminology. Despite the changes, however, the new rules should not make things more administratively demanding for taxpayers.

Other articles

16.10.2025
News

KŠB becomes the first major independent law firm on the Czech market to implement the Legora AI platform into its practice, symbolically connecting Czech law with global AI innovation

KŠB continues its tradition of being a pioneer of innovation in the field of legal services. As the first major independent law firm on the Czech market, KŠB has started to utilize Legora, an efficient AI assistant developed specifically for legal professionals, a step which will further strengthen our long-term vision – to combine first class legal expertise with modern technologies, thereby allowing us to deliver top-quality legal services to clients even more efficiently.
13.10.2025
News

Contract Competition 2025

KŠB ve spolupráci s největší nezávislou asociací studentů práv na světě ELSA vyhlašuje již 14. ročník soutěže CONTRACT COMPETITION. Soutěž studentům práv nabízí jedinečný pohled do světa transakčního práva pod vedením advokátů přední české advokátní kanceláře.
12.10.2025
Financial services

KŠB assisted the J&T Group with the approval of a base prospectus for a CZK 3 billion bond programme

The KŠB team (Martin Krejčí, Vlastimil Pihera, Josef Kříž) provided legal advice to the J&T Group in connection with the approval of the base prospectus for its bond programme. This marks a continuation of KŠB’s long-term advisory role in the group’s financing activities.