Amendment to VAT Act and Excise Tax Act
The objective of this amendment is the implementation of Directive No. 2007/74/EC on the exemption of value added tax and excise duty of goods imported by persons travelling from third countries. The Czech Republic is directly bound by this directive and is obliged to procure full implementation thereof by Czech legislation with effect from 1 December 2008. Pursuant to the governmental proposal, goods with value up to Euros 430 are to be exempt from value added tax when imported by persons travelling from third countries.
Other articles
When too much prevention does more harm than good
At the end of 2025, the Supreme Court of the Czech Republic ruled that the preventive retention of traffic and location data under the Electronic Communications Act infringes the rights of the persons whose data is concerned.
KŠB Advises on the Establishment of FIDUROCK Retail Parks Fund SICAV
Kocián Šolc Balaštík advised Fidurock on the establishment of FIDUROCK Retail Parks Fund SICAV, an investment fund targeting qualified investors and focused on areal estate portfolio in the Czech Republic and Slovakia.
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.
