International Agreements
Czech-American Agreement on social security
At the beginning of September 2007, the Czech Republic and USA signed an agreement on social security governing the rules on participation in the social security and health insurance system by migrating persons. A fundamental principle of the Agreement is that every person will be subject to the laws of one country, being the country in which that person carries on gainful activities (work). The Agreement sets out exceptions to this rule, applicable automatically or following application. The effect of the Agreement is that persons (including USA citizens) who have an employment contract with an employer whose registered office is in the USA but work in the Czech Republic will now have to participate in the Czech social security system. The Agreement has yet to be approved by Congress and the Czech Parliament.
Instruction D-311
The Czech Finance Ministry has issued an instruction implementing the international treaty for the avoidance of double taxation between the Czech Republic and Austria, effective 1 January 2008 (as of this date, the 1978 treaty for the avoidance of double taxation between the Czechoslovak Socialist Republic and Austria will cease to apply). In certain circumstances, persons resident in one Treaty State are entitled to full exemption from taxes in the other Treaty State. There are two distinct procedures whereby Czech tax residents in Austria can take advantage of this entitlement (provided they comply with the requisite conditions) – provision of tax relief or refunds.
Treaty for the avoidance of double taxation between the Czech Republic and New Zealand
On 26 October 2007 representatives of New Zealand and the Czech Republic signed a treaty to prevent double taxation, which will come into effect on 1 January 2008 and prevent double taxation of income, namely, in the case of Czech tax residents, by the simple offset method.
Other articles
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.
