Prepared Draft Acts

The House of Representatives (Lower House) suspended discussion on the proposed amendment to the Income Tax Act which should have cancelled the inclusion of employers’ contributions for employee catering into tax efficient costs.
The House of Representatives (Lower House) received a government draft act on pension insurance and organization and implementation of social security. Pursuant to the draft, the time period for insurance should be extended and time spent in study at secondary schools and universities should no longer be acknowledged as substitute time. The retirement age should be extended to 65 years for men and women having 0-1 children. The draft also defines the so-called semi-retirement under which the individuals involved should receive one half of their pension and the percentage for other gainful activity should be simultaneously increased.
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KŠB Advises PPF on Landmark Cross-Border Conversion to the Czech Republic
Kocián Šolc Balaštík provided comprehensive legal counsel to the PPF Group in connection with the cross-border conversion of its holding structure from the Netherlands to the Czech Republic. KŠB’s team, led by partner Jan Lasák, played a central role with structuring the reorganisation and preparing the key documentation.
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