19.4.2011
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News
Communication of the General directorate of customs
On 25 March 2011, the General Directorate of Customs (“GRC”) published information concerning exemption from VAT for imports of goods.
In connection with the amendment to the VAT Act, only imports of goods the aggregate value of which does not exceed EUR 22 shall be exempt from VAT on the basis of Section 71(3)(a) of the VAT Act. The day when the goods were presented for customs proceedings is the decisive day for application of such limit.
This exemption does not apply to alcoholic drinks, perfumes, eau de toilettes, tobacco and tobacco products. The limit of EUR 150 for exemption from the customs duty remains unchanged.
Other articles
29.9.2025
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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.
8.8.2025
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News
Project Financing of a Strategic Logistics Complex in Nymburk
KŠB provided legal advice to Facility Develop Group in securing two separate financings granted by Trinity Bank. The funds will be used for the development and expansion of a large logistics park in Nymburk, which is of key importance to the infrastructure of the entire Central Bohemian Region.
