New International Agreements
Parliament is currently discussing four Double Tax Treaties (“Treaties”), principally the Treaties with the Kingdom of Bahrain and Hong Kong, which were executed in May and June of this year. The Treaties concluded with Denmark and Poland were added to the former Treaties in September. It is estimated that the Treaties will become effective in 2012 or 2013.
The Treaties set forth, inter alia, the maximum tax rates to be paid on income in the source state, e.g. income from dividends, interest or license fees. Such rates, depending on the type of income, are set at 0 to 15%.
Other articles
KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.
Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?
The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
Success for KŠB’s Litigation Team
KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.
