News

An upcoming webinar for entrepreneurs who are considering to enter a foreign market

Wednesday, 16. June 2021 - 18:27
Dear clients and business partners, We would like to draw your attention to a webinar being currently prepared by our office in cooperation with our colleagues from Italy - http://www.graziottolegal.com, which we believe might be useful for many of you in case you are thinking of new business opportunities in pandemic and post-pandemic world....

Tax and legal implications of working from home (home office)

Monday, 24. May 2021 - 17:42
Due to the SARS-Cov-2 epidemic causing COVID-19, working from home is becoming an increasingly topical issue. The current legal regulation of working from home is insufficient, which causes a number of interpretation problems in practice. Legal regulation of working from home According to the current wording of the Labour Code, it is possible to...

Changes in the regulation of the register of beneficial owners – transposition of AML Directive V

Monday, 24. May 2021 - 17:08
With effect from 1 June 2021, the regulation contained in AML Directive V – i.e. Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC...

Publication IR Global – Meet the Members – Central & Eastern Europe

Friday, 21. May 2021 - 11:12
Our law firm Schaffer & Partner Legal – a member of the international network of law firms IR Global – has contributed its article to the publication IR Global – Meet the Members – Central & Eastern Europe We hope you can get acquainted with the colleagues from IR Global in key countries in the Central and Eastern Europe region who share...

VAT on the sale of goods through electronic shops

Tuesday, 27. April 2021 - 18:13
From 1 July 2021, the rules for the sale of goods carried out via electronic shops will change. There is a significant reduction in the limit for shipments of goods within the EU. The value of goods sold to non-business customers has been set at EUR 10,000. If the specified limit is exceeded, the seller is obliged to pay VAT in the EU Member State...

Stricter executive liability for the company’s bankruptcy

Friday, 16. April 2021 - 17:03
On 1 January 2021, a major amendment to the Business Corporations Act (the “BCA”) took effect which (inter alia) tightens the liability of members of the statutory bodies of business corporations in the event of the company’s insolvency. In particular, it lays down an obligation to hand over remuneration from the agreement on performance of the...

IR Global - Virtual conference “Collaborating in a Virtual World”

Wednesday, 24. March 2021 - 13:32
The coronavirus pandemic, which has now been going on for a year, has brought with it more difficulties than we could have ever imagined. This disease has more or less crippled the world and affected all sectors. Social distancing has become standard. Gradually, we have adapted and replaced meeting others in person with virtual meetings. And so,...

Remission of late filing penalties and default interest

Tuesday, 23. March 2021 - 11:19
In connection with existing emergency measures, the Minister of Finance has issued a Decision concerning the remission of penalties and associated default interest: For late filing of corporate and personal income tax returns for the 2020 tax year, provided a tax return is filed no later than 3 May 2021 (standard filing) or 1 June 2021 (for tax...

How to deal with income received by individuals as part of Covid-19 programmes in a tax return

Monday, 22. March 2021 - 18:13
Income exempt from income tax, i.e. not included in a personal income tax return: Compensation bonus for entrepreneurs – this is a tax bonus which, under Section 4 (1zj) of the Income Tax Act, is exempt. Care-giver’s allowance for self-employed persons – this is a subsidy which is exempt from income tax according to a special provision contained...

Consequences of not filing financial statements in the Commercial Register

Thursday, 11. March 2021 - 15:35
On 1 January 2021, the expected amendment to the Business Corporations Act and the related amendment to the Public Registers Act came into force. Among other things, this brings with it a tightening of sanctions for non-compliance with the obligation to file financial statements in the Collection of Deeds of the Commercial Register. In the event...

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