Notification of the Finance Ministry
- Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups pursuant to Annex 1 to Act No. 586/1992, Coll., on Income Tax, as amended, after 1 January 2008
Classification of movable tangible assets into depreciation groups will be carried out after 1 January 2008 in compliance with the Standard Classification of Production (introduced by the Czech Statistical Office in its notification dated 5 December 2002 on introduction of the 2nd edition of Standard Classification of Production) set out in Annex 1 to Act No. 586/1992, Coll., on Income Tax, as amended, under the designation ++).
The Notification of the Czech Statistical Office dated 31 July 2008 sets forth the new Production Classification (CZ-CPA) can be applied retroactively from 1 January 2008 for statistical purposes, but it is not decisive for classification of tangible assets into depreciation groups.
- Decree sets foreign meal allowances for 2009
The Finance Ministry (“MoF”) issued Decree No. 417/2008, Coll., setting forth the basic amount of foreign meal allowances for 2009. The Decree becomes effective as of 1 January 2009 and Decree No. 338/2007, Coll., setting forth the basic amount of foreign meal allowances for 2008, will be cancelled simultaneously.
- Information on application of the provisions of Section 36, subsection 11 of the VAT Act
Effective 1 January 2009, the new subsection 11 will be added to the VAT Act, which sets forth what received amount shall not be included in the tax base.
The new legal regulation sets forth that an amount received from and paid by another that is not to be included in the tax base must be received on behalf and account of this other party. The new legal regulation determines that the amount received from and paid by another person that is not to be included in the tax base must be received on behalf and account of this other person. According to the MoF’s interpretation, the new regulation shall be applied to events where the received and paid amount was an interim item for the payer. In case of lease agreements, the MoF does not mention that it is necessary to fulfill the basic legal condition, namely the receipt of the amount on behalf and account of another person. The information implies that such condition need not be fulfilled in case of lease agreements. It is known that the MoF employees present opinions at trainings that the legal condition need not be fulfilled in case of lease agreements. It is therefore a question how administrative authorities will respond, in practice, to the above information and whether financial offices will strictly request fulfillment of the legal condition that amounts not included in the tax base be incurred on behalf and account of another person.
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KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
Evidence skutečných majitelů: Co přinese znepřístupnění od 17. prosince 2025?
Letošní rozhodnutí Nejvyššího soudu a Nejvyššího správního soudu navázala na rozsudky Soudního dvora Evropské unie, a, s platností i pro Českou republiku, konstatovala, že zveřejňování údajů v rámci evidence skutečných majitelů představuje nepřiměřený zásah do základních práv majitelů na soukromí a ochranu osobních údajů. Důležitým aspektem těchto rozhodnutí byl závěr, že sankce, které postihují povinné subjekty jako reakce na nesplnění jejich povinnosti zápisu do evidence skutečných majitelů, není možné vymáhat, dokud je evidence veřejná. Tato situace se změní 17. prosince 2025, kdy ministerstvo znepřístupní evidenci skutečných majitelů; povinným subjektům tak budou opět hrozit závažné sankce.
30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
This year again, during the pre-Christmas season, the Advent Concert of Good Will took place. Since 1995, it has been organised by the law firm Kocián Šolc Balaštík in support of the Committee of Good Will – Olga Havlová Foundation. This was already the 30th anniversary edition, made exceptional by the fact that we organised it for the first time together with our partner, Smetanova Litomyšl, as part of a broader mutual cooperation. As always, the concert was held in the concert hall of the Church of Sts. Simon and Jude in Prague’s Old Town.
