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
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
Richard Schmidt Joins KŠB, Strengthening Its Corporate Criminal Liability and Compliance Practice
KŠB expanded its team at the beginning of August with the arrival of attorney Richard Schmidt, who has extensive experience in criminal law, including corporate criminal liability and related compliance matters.
