New bills
The Senate passed without any amendments the government’s draft bill amending the Income Tax Act, as amended (Parliamentary press No. 959/0). The bill was subject to certain amendments during its second reading, of which the amendment to the Act on Local Financial Authorities is of considerable significance. In view of the Senate’s actions in passing the bill, it can be stated that the legislative process for enactment of the bill has almost been completed. The bill must still be signed into law by the President. Despite the fact that the second reading amendments were of a fundamental nature, they were not subject to due legislative consideration, including approval by the Government Legislative Council. The change in the roles and structure of local financial authorities is also of fundamental significance.
A General Tax Directorate (“GTD”) has been established in place of the current non-uniform management of tax administration through autonomous financial directorates. The new GTD should achieve the uniform and methodological management of financial offices through direct management of financial directorates. Unfortunately, the relevant amendments to the bill were not accompanied by any parliamentary report. The effectiveness of this amendment is proposed from 1 January 2011.
A new specialized financial office shall be established under the amendment to the Act on Local Financial Authorities, which specialized financial office will be responsible for all banks, insurers and corporate entrepreneurs with a turnover of more than two billion Czech crowns. The GTD will be able to decide in justified cases that an individual or legal entity is considered a regulated entity even if it is not a bank or does not generate the required turnover. Simultaneously, the GTD will be able to decide that an individual or legal entity with turnover of more than two billion Czech crowns is not considered a regulated entity and its local competence will remain unchanged. The new specialized financial office will have its registered office in Prague and will be incorporated as of 1 January 2012.
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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.
