Discount Applied for Determination of Tax Advances
Pursuant to authorization by the Income Tax Act, the Czech Ministry of Finance adopted a measure to eliminate hardship. In the event of tax non-residents (foreign employees), this measure regulates the method of collecting advances for income tax from employment income, where a basic discount is provided in the course of the year. Advances shall now be determined under the same conditions and in the same manner as for Czech tax residents. The tax duty of foreign employees for the entire year of the 2008 taxation period shall now be settled pursuant to valid provisions of the Income Tax Act. The measure may be applied from the moment of publication thereof, i.e. from 7 February 2008.
Other articles
KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.
Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?
The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
Success for KŠB’s Litigation Team
KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.
