15.6.2010
News

Newly submitted Bills

Amendment to VAT Act – reduced rates for restaurant services

On 12 June 2009 the Chamber of Deputies held a first reading of the governmental draft amendment to the VAT Act (Parliamentary publication no. 801) pursuant to which certain activities would be included in Annex 2 to the VAT Act as services subject to a reduced VAT rate. Repairs of bicycles, clothes and soft furnishing, hairdressing and barber services, restaurants services, excluding supply of tobacco products and serving of alcoholic drinks, should be included under the reduced VAT rate. This amendment becomes effective from the date of publication. Further developments of the amendment will not be known until after the Chamber of Deputies meet in September.

Other articles

9.10.2025
Financial services

KŠB assisted in financing the iconic Alchymist Grand Hotel and Spa

KŠB has been providing long-term legal advice to J&T Bank in connection with debt financing for Czech entrepreneurs. One of the most recent transactions involved granting a loan to the Alchymist Grand Hotel and Spa, one of Prague’s most renowned boutique hotels, owned by Giorgio Bonelli, a prominent figure in the Italian business community in the Czech Republic.
29.9.2025
News

Legal advice on RegioJet financing

KŠB team led by Josef Kříž acted as legal advisor to Česká spořitelna and Komerční banka in connection with the issuance of RegioJet Group secured bonds, which will be admitted to trading on the Prague Stock Exchange. The expected volume is CZK 1.5 billion, but may increase to a total of CZK 4 billion. Assistance with this transaction is another successful step in strengthening our Capital Markets department led by Vlastimil Pihera.‍
3.9.2025
M&A

KŠB advised on the sale of shares in BigBoard Praha

The J&T Arch Investments fund, the main investment platform of the J&T Group, acquired a significant stake in the largest outdoor advertising operator in the Czech Republic, BigBoard Praha, from the JOJ Media House group.