27.8.2013
News

Constitutional complaint against cancellation of certain provisions of the income Tax Act

A group of senators submitted a request to the Constitutional Court for annulment of certain provisions of the Income Tax Act, specifically the provisions that cancelled the possibility to apply a tax discount by taxpayers who are also old-age pensioners as of 1 January of the year in question (the wording of the act being effective from 1 January 2013).

The plenum of the Constitutional Court will consider the complaint under file No. Pl. ÚS 31/13. The arguments of the senators are based on the general principles of non-discrimination and the related infringement of several articles of the Charter of Fundamental Rights and Freedoms.

The tax amendment gave rise to a number of discussions concerning this issue between employees on the one side – working old-age pensioners (“non-old-age pensioners”) who suspended receipt of their old-age pensions for one day as of 1 January 2013, and the financial administration headed by the then-minister of finance on the other, who declared that any abuse of the rights should not be tolerated. It will certainly be interesting to see how the plenum of the Constitutional Court decides.

Other articles

29.9.2025
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.‍
3.9.2025
M&A

KŠB advised on the sale of shares in BigBoard Praha

The J&T Arch Investments fund, the main investment platform of the J&T Group, acquired a significant stake in the largest outdoor advertising operator in the Czech Republic, BigBoard Praha, from the JOJ Media House group.
8.8.2025
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.