News
Turkey Postpones Accession to the Convention on a Common Transit Procedure30/06/12 / cata_tax-news
Exemption from Solar Power Levy30/06/12 / cata_tax-news
The General Financial Directorate (the “GFD”) has released information on the new legislation applicable to exemptions from the levy on solar power, which will take effect as of 1 January 2013.
The Supported Energy Resources Act[1] supersedes the Act for Support of Renewable Resources,[2] which we have addressed several times in prior editions of Tax News. Newly exempted from the levy is solar power generated from solar power equipment with an installed output of up to 30 kW. The exemption can only be applied, however, to electricity generated from 1 January 2013 until 31 December 2013.
Electricity generated and to be generated by the end of 2012 is subject to the existing rules, whereunder the exemption applies to solar power generated from all solar generation equipment with an installed output of up to 30 kW that are installed on rooftops or walls of a single building attached to the ground through a solid foundation, whereas such building is required to be registered in the land (cadastral) register.
[1] Act No. 165/2012 Coll., on supported energy resources and on the amendment to certain legislation dated 31 January 2012
[2] Act No. 180/2005 Coll., on support of electricity generation from renewable energy resources and on the amendment to certain legislation, as amended
New International Treaties30/06/12 / cata_tax-news
Treaties with Saudi Arabia, Colombia and Austria More
KSB wins Silver Award at The International Legal Awards 2012 in Paris29/06/12 / News
Law firm Kocián Šolc Balaštík obtained a Silver Award in the category Best Central & Eastern European Law Firm during this year’s The International Legal Alliance Summit & Awards 2012. More
UEFA Euro 2012: Employers’ Manual08/06/12 / Publications
Team line-ups have been memorized, Czech flags are ready, the European Soccer Championships in Poland and Ukraine are just about to begin. However, the event, which kicks-off on 8 June and ends on 1 July, may, thanks to the immense popularity the game enjoys on the Old Continent, have a negative impact on many an employee’s morale and work attitude. More
Bills debated30/05/12 / cata_tax-news
Amendment to the Accounting Act More
Draft Amendment to the Real Estate Transfer Tax Act30/05/12 / cata_tax-news
Draft change to the VAT Directive30/05/12 / cata_tax-news
Croatia and Turkey accede to the Convention on a Common Transit Procedure30/05/12 / cata_tax-news
Published International Treates30/05/12 / cata_tax-news
Tax Information Exchange Agreements (TIEAs) More
Jaroslav Míkovec describes the mundane legal routine encountered by businesses in Ekonom21/05/12 / Publications
The legal routine that many businessmen must go through on a day-to-day basis is featured in KSB lawyer Jaroslav Míkovec’s legal column in weekly magazine Ekonom. Jaroslav contemplates that routine steps such as paying out dividend, disposing of shareholdings and replacing directors are far too difficult in the Czech Republic due to unnecessary bureaucracy and nonsensical requirements. More
Draft Bill Amending Tax and Insurance Legislation in Response to the Public Budger Deficit15/05/12 / cata_tax-news
This special issue of Tax News provides a brief summary of the basic changes included in the draft bill that is aimed at reducing the public budget deficit. The bill has already gone through the external consultation procedure More
KŠB Wins the National Law Firm of the Year Award11/05/12 / News
Kocián Šolc Balaštík (KŠB) was named Law Firm of the Year in the Czech Republic for a second time in the Chambers Europe Awards for Excellence in Amsterdam yesterday. More
David Elischer joins KSB as new Of Counsel04/05/12 / News
David Elischer of the Law Faculty of Charles University joins Kocián Šolc Balaštík as an Of Counsel. More
Professor Jan Dědič Named Patron of Czech Business26/04/12 / News
Professor Jan Dědič, a partner at law firm Kocián Šolc Balaštík, was recently honoured with the 2012 Patron of Czech Business award. The business community particularly noted his goal to simplify registration in the Commercial Register and his long-term efforts to clean up Czech commercial law. More
New Bills26/04/12 / cata_tax-news
Amendment to the VAT Act; Bill on investment companies and investment funds More
VAT in the health care sector as of 1 April 201226/04/12 / cata_tax-news
Directive on annual financial statements of micro-entities26/04/12 / cata_tax-news
New international treaties26/04/12 / cata_tax-news
KŠB lawyers comment on public procurement changes in Hospodářské noviny16/04/12 / News
The grand amendment to the Public Contracts Act, which substantially modifies requirements for both contracting authorities and bidders, came into effect on 1 April 2012.
Outlining the impact of the amendment, KŠB lawyers Martina Parusová Zímová and Jiří Horník provided commentary in the April 16 issue of Hospodářské noviny’s “Business” supplement. More