News

Meeting IR Global members – law firm Valadas Coriel & Associados

Friday, 17. January 2020 - 10:44
For many years, Schaffer & Partner Legal has been part of the prestigious international network IR Global. We are therefore always very pleased if we can meet other members in person. Last week, Schaffer & Partner Legal was visited by Sandra Jardim Fernandes from the Portuguese partner firm Valadas Coriel & Associados. Within the...

Deduction of VAT by the lessor in the light of a judgement of the Supreme Administrative Court (SAC)

Wednesday, 18. December 2019 - 10:03
The SAC’s recent judgement 1 Afs 253/2018 ended the dispute between the financial administration and the lessor that applied for a reduced entitlement to deduct VAT on an air-conditioning repair carried out in a building partially leased with VAT and partially as tax-exempt. According to the SAC’s findings, a sufficiently direct and close link...

Fundamental changes in the legislation concerning registration of beneficial owners

Wednesday, 18. December 2019 - 9:55
Beneficial owner The amended legislation defines the concept of beneficial owner much more broadly and precisely, covering also entities that are obliged to enter their beneficial owners in the Register or, conversely, entities that do not have this obligation (e.g. legal entities established by law or an international treaty, state and national...

Aleš Eppinger, Chairman of the Board of Directors of the CTJCC, visited the Embassy of the Republic of Turkey in Prague

Wednesday, 4. December 2019 - 9:45
On Monday, 2 December 2019, Aleš Eppinger, Chairman of the Board of Directors of the Czech-Turkish Joint Chamber of Commerce (CTJCC) and an attorney and partner of Schaffer & Partner Legal, visited Mr Egemen Bağış, Ambassador of the Republic of Turkey to the Czech Republic. At the official meeting in a friendly atmosphere, investment...

New Foreign Investment Screening Act

Friday, 29. November 2019 - 11:07
In April 2019, the EU Foreign Investment Screening Regulation entered into force, the main objective of which is to establish a uniform framework across the EU for the screening of foreign direct investments coming from outside the EU. In the Czech Republic, there is still no control mechanism for screening foreign direct investments. However,...

Ground-breaking decision – the European Court of Justice has ruled that the consent to cookies must be given actively

Wednesday, 30. October 2019 - 14:52
On 1 October 2019, the European Court of Justice in Luxembourg issued a ground-breaking decision on the lawful use of cookies. In the judgement, the Court defined how the user must give consent to the use of cookies. According to the Court, the user needs to give consent to the use of cookies actively. This requirement is not met if the user...

Changes in "VAT refunds” in the case of irrecoverable debts

Tuesday, 29. October 2019 - 11:31
The situation in which a creditor is unable to enforce the payment of a claim against a debtor is unfortunately not uncommon. And if the creditor also has to pay VAT although the invoice has not yet been paid, the situation becomes even more unpleasant.   The European Union is making efforts to deal with this problem, within the bounds of its...

Major changes relating to the employment of foreign nationals

Thursday, 24. October 2019 - 14:58
Several changes relating to the employment and residence of foreign nationals have taken effect in recent weeks. Some of these changes are quite significant, even revolutionary. From now on, the government will apply more selective actions in respect of economically active foreign nationals – making the process easier for some of them, while...

New information from the General Financial Directorate relating to VAT obligations for persons not established in the territory of the country

Thursday, 24. October 2019 - 14:46
The General Financial Directorate has published new information that provides an in-depth overview of tax obligations arising from the VAT Act relating to taxable persons not established in the territory of the country. In particular the obligation to register and the establishment of registration for VAT payment among such persons in the Czech...

Nová úprava platebního styku – dvojfázové ověření při platbě na internetu

Thursday, 17. October 2019 - 10:00
Máte v poslední době problém při bezkontaktní platbě? Nezoufejte. To jen 14. 9. 2019 nabylo účinnosti prováděcí nařízení 2018/389, které doplnilo směrnici o platebních službách na vnitřním trhu (známou také jako PSD II) o regulační technické standardy, a bohužel ne všechny terminály byly připraveny na novou úpravu včas. I když se to na první...

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