Newly submitted Bills
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
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
Richard Schmidt Joins KŠB, Strengthening Its Corporate Criminal Liability and Compliance Practice
KŠB expanded its team at the beginning of August with the arrival of attorney Richard Schmidt, who has extensive experience in criminal law, including corporate criminal liability and related compliance matters.
