Unit Trusts
The General Tax Authority (“GTA“) issued a guideline for unit trusts regarding registration for and filing of tax returns in respect of corporate income tax. Unit trusts will newly be considered independent tax entities, including in the taxation period that commenced in 2011.
Unit trusts that failed to register for corporate income tax will be registered on an ex officio basis effective 1 January 2011.
The party responsible for filing the corporate income tax return for and on behalf of the unit trust shall be the investment company. (The investment company’s tax base or, if applicable, tax loss must not be compensated by combining the same with the tax bases or tax losses of the individual unit trusts.)
The unit trust’s corporate income tax return shall be filed on a standard corporate income tax return form. The GTA’s guideline includes detailed instructions on how to complete the corporate income tax return for and on behalf of the unit trusts.
Other articles
Jan Lasák vystoupil na Balkan Legal Forum 2026
Partner KŠB Jan Lasák vystoupil jako panelista na letošním ročníku Balkan Legal Forum 2026, jedné z nejvýznamnějších konferencí zaměřených na právní trh ve střední a jihovýchodní Evropě.
KŠB Partner Tomáš Sequens Speaks at the “Law and the Environment” Conference
Organized by Česká justice and Ekonomický deník at Truhlárna Karlín in Prague, the “Law and the Environment” conference brought together representatives from the government, the business sector, the professional community, and the legal profession to discuss the current challenges related to environmental protection, decarbonization, and the regulatory framework for doing business.
KŠB Provide Insight into the Legal Support for Smetana Litomyšl Music Festival
Our colleagues Sylvie Sobolová and Jana Guričová were interviewed by Jan Januš’s legalweb about the legal support for Smetana Litomyšl, one of the most important music festivals in the Czech Republic.
