Czech Republic: Limits for Cash Payments
The limit for cash payments will be decreased from the current CZK 350 000 to the new limit in the amount of CZK 270 000. Any payments exceeding this limit must be carried out in the form of cashless tranfers via bank accounts. This decrease of the limit complies with the EU directive.
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?