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Operational Programme Employment Plus

Operational Programme Employment Plus

The government has approved the Operational Programme Employment Plus, due to which our country can receive EUR 1.459bn from European funds in the period between the years 2021 to 2027. The programme should mainly be used to improve chances on the…
Amendment of the VAT act in E-Commerce takes effect on 1 October 2021

Amendment of the VAT act in E-Commerce takes effect on 1 October 2021

On 30 September 2021, an amendment of the VAT Act in e-commerce, which we have already informed about, in our previous article, was published in the Collection of Laws. The amendment was initially intended to take effect within the entire European…
Increase in CNB interest rates

Increase in CNB interest rates

The Board of the Czech National Bank has decided on the following interest rates effective from 1 October 2021: the two-week repo rate has been raised from 0.75 % to 1.50 %.  the Lombard rate has been raised from 1.75 % to 2.50 %,    and the…
The issuing of apostilles – newly at the Notarial Chamber

The issuing of apostilles – newly at the Notarial Chamber

From 1 October 2021, the agenda of authentication of public documents issued or verified by notaries is being transferred to the Notarial Chamber of the Czech Republic. It will thus be possible to obtain the so-called apostille clause not only at…
1,296 people have not collected savings from the 2nd pillar of pension savings

1,296 people have not collected savings from the 2nd pillar of pension savings

In the year 2016, the 2nd pillar of pension savings ended, and in the year 2017, unsettled resources of the participants were transferred by pension companies to financial authorities. The Financial Administration points out that former participants…
Attention! Hackers passing off as Česká pošta, demanding payment of “tax”

Attention! Hackers passing off as Česká pošta, demanding payment of “tax”

Hackers are sending SMS as well as emails to their victims, passing off as Česká pošta.  In the emails they ask you to click on a fake link „cekposta.cz“ (the correct link is ceskaposta.cz), and after clicking on “Výplata” (“Payment”) they will…
Changes for the stay of foreigners in the Czech Republic

Changes for the stay of foreigners in the Czech Republic

n connection with the change in the act on residence of foreigners effective from 2 August 2021, every foreigner entering the territory of the Czech Republic and staying there for more than 90 days is obliged to arrange travel health insurance in…
Interpretation I-46 approved

Interpretation I-46 approved

At its meeting, the National Accounting Council (NAC) approved an interpretation relating to the accounting solution of a vacated share and settlement share in a limited liability company and a settlement share in a cooperative. The author of this…
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