THIRD AMENDMENT TO VAT ACT ADOPTED
The last of three amendments to the VAT Act, which the Upper House sent back with objections to the Lower House in December, was revised, approved and published in the Collection of Laws under No. 360/2014 on 31 December 2014. Although further details about the amendments were included in previous issues of Tax News, we would like to note that the effective date of the temporary reverse-charge mechanism (“RCM”) was postponed to 1 April 2015 (to 1 September 2015 for sugar cane). Moreover, the effect of the changes regarding deliveries and leases of selected immovables was postponed to 1 January 2016.
Other articles
KŠB Announces Senior Appointments: Ivo Průša Named Partner; Dana Jacková, Jana Guričová and Ján Béreš Promoted to Counsel
Kocián Šolc Balaštík (KŠB) has recently made several senior appointments within its leadership team. Ivo Průša has been named Partner as of 1 January 2026, while Dana Jacková, Jana Guričová and Ján Béreš have been promoted to the position of Counsel.
KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
