13.7.2010
News

On 1 June 2010, the Supreme Administrative Court ruled in Ref. no. 5 Afs 64/2008-156 regarding the right to information on tax exemption or, as the case may be, tax interest and charges,

which occur due to the decision of the Ministry of Finance or the tax office. Entities, which are exempt from tax or tax interest and charges by the state, are in principle recipients of public funds according to the Supreme Administrative Court, and the duty of confidentiality does not apply on information on exemptions within the framework of the tax proceedings.

In comparison with other persons who are not recipients of public funds, the protection of data on such person’s property is weaker with regard to the above mentioned persons. According to the SAC, the interest in transparency of the administration of public funds and effective public inspection of the procedures of the tax administration shall prevail here.

Pursuant to the Act on Free Access to Information, state authorities and public institutions are obliged to provide the following data: name, surname, the year of birth, municipality in which the recipient has the residential address, and the amount, purpose and conditions under which public funds were provided. This obligation does not relate to events in which the public funds were provided pursuant to acts in the social area, provision of health care, unemployment benefits, and state aid for construction saving scheme and renewal of territories. The Supreme Court has not specified whether it is possible to request that information on tax exemption be provided retrospectively. (www.nssoud.cz)

Other articles

9.10.2025
Financial services

KŠB assisted in financing the iconic Alchymist Grand Hotel and Spa

KŠB has been providing long-term legal advice to J&T Bank in connection with debt financing for Czech entrepreneurs. One of the most recent transactions involved granting a loan to the Alchymist Grand Hotel and Spa, one of Prague’s most renowned boutique hotels, owned by Giorgio Bonelli, a prominent figure in the Italian business community in the Czech Republic.
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.