News

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...

ČTSOK discusses cooperation with the Samsun Chamber of Commerce and Industry

Wednesday, 16. October 2019 - 16:12
On Friday 20 September 2019 the first formal meeting took place between representatives of the Czech-Turkish Joint Chamber and a business delegation from the Samsun Chamber of Commerce and Industry (SCCI). ČTSOK’s chairman of the board Aleš Eppinger and vice-chairman of the board Alper Özmert discussed possible cooperation with members of SCCI,...

New legislation regarding the ultimate beneficial owner and an overview of sanctions for breach of the registration duty

Thursday, 26. September 2019 - 15:34
In an effort to reform the existing patchy legislation regarding the ultimate beneficial owners, the Czech Ministry of Justice has drafted an amendment to the regulation governing the register of beneficial owners. Most importantly, these new rules for the beneficial owners register should clarify the definition of an ultimate beneficial owner and...

New conditions of applications for investment incentives

Wednesday, 25. September 2019 - 14:10
On 6 September 2019, an amendment to Act No. 72/2000 Coll., on Investment Incentives, took effect; the objective of the amendment is to focus public support of investment plans of businessmen on projects with higher added value. The amendment aims to increase the flexibility of interconnecting the investment incentive system with the current...

A state visit to Turkey with Prime Minister Andrej Babiš and Representatives of the Management of Czech Turkish Joint Chamber of Commerce

Tuesday, 24. September 2019 - 16:31
From September 2 to 4, 2019, a state visit to Turkey, led by Prime Minister Andrej Babiš and Minister of Industry and Trade Karel Havlíček, took place. They were accompanied by a business delegation headed by Vladimír Dlouhý, President of the Czech Chamber of Commerce. Chairman of the Supervisory Board Mr.Martin Felenda and Vice – Chairman of the...

Disproportionate amount of contractual default interest and its contradiction with the Constitution

Wednesday, 18. September 2019 - 11:34
First of all, a distinction must be made between the so-called statutory default interest – corresponding annually to the repo rate set by the Czech National Bank for the first day of the calendar half-year in which the default occurred, increased by 8 percentage points – and contractual default interest – which corresponds to the mutual agreement...

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