News
Slovakia: Act on the promotion of small and medium enterprises
As of January 1, 2017, the Act on the promotion of small and medium enterprises came into effect.
Slovakia: On providing a loan
As of January 1, 2017, prior to providing a loan, the lender is obliged to calculate indicators of the borrower’s ability to repay the loan.
Slovakia: Postponing the date of mandatory activation of electronic mailboxes
As of January 1, 2017 the amendment to the Act on e- Government came into effect. It postpones the date of mandatory activation of electronic mailboxes
Slovakia: New Form of Company in 2017
As of January 1, 2017, the so-called simple share company will be introduced in Slovakia
Czech Republic: Act on proving the origin of the property entered into force
As of December 1, 2016, Act on proving the origin of the property, which is one of the key measures of the present government to combat tax crimes, entered into force.
Czech Republic: Electronic sales reporting
As of December 1, 2016, the Act on Eletronic reporting of sale enters into effect. This act regulates a new system of providing and collection online information by the tax authorities on all cash payments received.
Slovakia: New income, dividend and liquidation balance tax in 2017
As of January 1, 2017, the income tax for legal entities will decrease by 1%, from the current 22% to 21%, the dividend tax is to be set at the level of 7% – will not be applied retroactively and the liquidation balance tax will be 7% – for companies, which will enter into liquidation after January 1, 2017.
Czech Republic: Amendment to Act on criminal liability of legal entities
As of December 1, 2016 legal entities will have a chance to deprive of criminal liability committed by its employees
Slovakia: Establisment of electronic mailboxes
As of January 1., 2017, establisment of electronic mailboxes governed by the Act No. 305/2013 Coll. on e-Government will come into force.
Czech Republic: New Act on Public Procurement, ultimate actual owner
As of October 1, 2016 a new act on public procurement shall come into force. Newly it will be necessary to prove the final actual owner of companies.
News
New software for law firms
Peter Compel, CAG member for the Czech Republic, developed together with Kamar sofware a new application for law firms in CZ and SK. This program helps law firms with time-sheets, monthly billing and invoicing. Once ENG version is prepared, the interested CAG members will evaluate the possible use of this program in other CAG member countries.
This application is the first commercial project within the CAG network.
You can find the CZ and SK version of this sofware here:
Different approach of states to real estate transfer tax? YES.
Do not miss our new contribution in the section „Did You Know…“
Publications
Tax on transfer of immovable property in CZ, SK, BG, SWE, TR
Is there any tax on transfer (or acquiring) of ownership of immovable property (land, buildings, flats) from a seller to buyer?