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Compensation Bonus for Certain Shareholders in Limited Liability Companies - Covid-19
Kocian Solc Balastik, May 2020

On Monday, 4 May 2020, the government submitted an amendment to the Compensation Bonus Act to the Chamber of Deputies. The amendment should support, in addition to self-employed individuals (sole proprietors), certain shareholders in limited liability companies. This article provides details on the requirements, forms of application, and the amount of compensation...

Czech Government Approves the Abolition of Real Estate Acquisition Tax UPDATE
Kocian Solc Balastik, May 2020

At its meeting on April 30, 2020, the government approved the abolition of the 4% real estate acquisition tax and related changes in the Income Tax Act. The content of the proposal of the Ministry of Finance is described below. However, there are likely to be some adjustments to this wording as a result of the coalition agreement. According to the media, the change should concern the maintenance of the tax deduction of interest on real estate acquired until the end of 2021...

Update: Current Business Trips to the Czech Republic during Covid-19 - Under what Conditions?
Kocian Solc Balastik, May 2020

The government has started to announce the dismantling of certain Covid19 measures and from Monday, April 27, 2020, it now allows business trips for foreigners to the Czech Republic, in respect of which business people were mounting pressure therefore. However, it set out a number of conditions and rules, which are further modified. The original Government Crisis Measure No. 443 was repealed on 1 May 2020 and replaced by Government Crisis Measure No. 495...

European Commission Guidelines on Mobile Applications to Combat COVID-19
Kocian Solc Balastik, May 2020

The European Commission recently issued guidelines on mobile applications supporting the fight against COVID-19 in relation to data protection. Mobile applications commonly installed on smartphones can act as a support mechanism for health authorities at the national and EU level in monitoring and managing the ongoing COVID-19 pandemic and are particularly important in easing measures to reduce the spread of the disease...

Covid-19 Measures:Price Moratorium on Rent from Apartments - Rents Cannot be Increased!
Kocian Solc Balastik, May 2020

Price moratorium on rent from apartments - rents cannot be increased! On 24 April 2020, a moratorium on rental prices of apartments, issued by the Ministry of Finance (“MF”) came into force, which was adopted in the form of Government Decree No. 202/2020 Coll. This is a protective measure for tenants, which stipulates that the rent for an apartment cannot be increased for a limited period of time. This price moratorium is related also to Act No. 209/2020 Coll...

Czech State of Emergency to Continue until 17 May 2020.
Kocian Solc Balastik, May 2020

The state of emergency in the Czech Republic was extended until May 17, 2020. What does this mean?   At its meeting held on 28 April 2020, the Chamber of Deputies decided to extend the state of emergency until 17 May 2020. By Resolution No. 194 (published in the Collection of Laws under No...

Business Trips to the Czech Republic are Now Allowed from 27 April 2020 - Under what Conditions?
Kocian Solc Balastik, April 2020

The government has started the announce the dismantling of certain Covid19 measures and from Monday, April 27, 2020, itnow allows business trips for foreigners to the Czech Republic, in respect of which entrepreneurs have been repeatedly demanding. However, it set a number of conditions and rules...

Breakthrough Judgement by the Municipal Court in Prague Overturning Major Czech Government COVID Restrictive Measures - 23 April 2020
Kocian Solc Balastik, April 2020

On 23 April 2020, the Municipal Court in Prague issued a judgment upholding the petition for annulment of certain measures of the Ministry of Health issued in connection with the COVID-19 pandemic. With effect from 27 April 2020, the Court annulled two extraordinary measures of the Ministry of Health of 17 April 2020 and 26 March 2020 on the restriction of retail sales and two extraordinary measures of the Ministry of Health of 15 April 2020 and 23 3...

COVID III. Czech Govt. Support Program for SMEs - What are the Plans?
Kocian Solc Balastik, April 2020

The new COVID Prague program focused on business activities in the Capital City of Prague followed the fate of its predecessors COVID I and COVID II. This means that the available funds were exhausted on the same day as the receipt of applications, which thus ends. The COVID I and COVID II programs are also exhausted. Entrepreneurs thus have no choice but to wait for the announcement of the conditions of the COVID III program...

Czech Real Estate Investment - Potential Abolition of Real Estate Acquisition Tax as a Result of COVID
Kocian Solc Balastik, April 2020

The Ministry of Finance proposes the abolition of a 4 percent real estate acquisition tax. The proposal will be discussed on Friday 17 April by the Coalition Council of the Government and the National Economic Council of the Government (NECG)...

Compensation Bonus for Self Employed Persons Affected by the Current COVID-19 Situation - Czech Republic
Kocian Solc Balastik, April 2020

The Government recently approved the amendment of the Compensation Bonus Act. This Act, which was published in the Collection of Laws on 14 April 2020, and, with effect from 15 April 2020, introduced another instrument of support for self-employed persons whose business was negatively affected in connection with coronavirus. This extends the period for which the self-employed will be able to claim a bonus...

COVID-19 Rental of Non-Residential Premises: The Government Proposes Freezing the Possibility to Give Notice for Non-Payment
Kocian Solc Balastik, April 2020

The government approved a legislative bill to help mitigate the effects of the coronavirus epidemic on lessees of business premises. The proposal will be discussed at the 44th session of the Chamber of Deputies of the Parliament of the Czech Republic, which will be held on 7 April 2020...

Credit Financing in the Time of COVID - Basic Impacts on Financing Contracts
Kocian Solc Balastik, April 2020

General questions with respect to the impact of extraordinary measures on contractual relations have been mentionedHERE, in relation to financing contracts there are certain specifics, the basic outline of which is set forth in this note...

Financial Reporting During the Coronavirus Epidemic
Kocian Solc Balastik, April 2020

While stock exchanges worldwide have experienced dramatic downturns and the economy is apparently heading for a global recession, supervisory organs are taking measures to respond to the situation by means of financial market regulation...

Impact of Coronavirus on Landlords
Kocian Solc Balastik, April 2020

  Like other taxpayers, landlords are currently exposed to various economic pressures. On one hand, they have to cover the expenses related to their property, but on the other hand they often do not receive rent from tenants who have had to restrict their operations because of the government measures against the coronavirus...

What Impact do the New Tax Measures have on VAT Payers' Obligations in the COVID-19 Era?
Kocian Solc Balastik, April 2020

  VAT payers, who have monthly obligations, may no longer be oriented in the flood of newly adopted tax measures to help taxpayers to overcome the current situation caused by the spread of the coronavirus. For this reason, we provide a brief overview of the tax measures specifically related to VAT and add some important remarks that should be kept in mind...

Measures to Mitigate the Effects of COVID-19 on the Tourism Sector Rescheduling of a Package Tour
Kocian Solc Balastik, April 2020

  On 6 April 2020, the Government approved a bill on certain measures to mitigate the impact of the SARS-CoV-2 coronavirus epidemic on the tourism sector. On 8 April 2020, the bill will be discussed by the Chamber of Deputies Committee for Public Administration and Regional Development and subsequently by the Chamber of Deputies. The Act applies to package tours starting on 20 February 2020 through to 31 August 2020...

COVID II Programme - Government Financial Support for Self-Employed and Small and Medium-Sized Enterprises
Kocian Solc Balastik, April 2020

Aid for self-employed persons and small and medium-sized enterprises (SMEs) affected by anti-coronavirus measures pursuant to the Czech Government’s 'COVID GUARANTEE' programme was exhausted in one day. On Monday, March 30, 2020, the terms and conditions of the follow-up COVID II program will be published, in which CZK 5 billion should be available. The rush of applications is expected, so action needs to be taken quickly and not delayed...

State of COVID Emergency Conditions -What Does "State of Emergency" Actually Mean and What are the Powers of the Government in the Regard?
Kocian Solc Balastik, April 2020

What does "state of emergency" actually meanand what are the powers of the Government in the regard? Can someone claim damages incurred in relation to the state of emergency? State of Emergency With effect from 12 March 2020 at 2 pm, the Government of the Czech Republic (the “Government”) has declared a state of emergency for 30 days for the territory of the Czech Republic due to health threats related to the presence of coronavirus in the Czech Republic (Governme

List of COVID Prohibitions and Exceptions Valid from 27.3.2020
Kocian Solc Balastik, April 2020

The set of several emergency measures of the Ministry of Health dated 23 March 2020 banned the retail sale of goods and services. It also banned the public presence at selected premises or selected times, prohibited the operation of certain premises, prohibited the free movement of persons or restricted the activities of public authorities and administrative bodies. On 26 March 2020 the Ministry of Health amended these measures...

Impact of the Government COVID Measures on Employment Relations
Kocian Solc Balastik, April 2020

The current situation has a considerable impact on employment relations...

What Impact may the current COVID-19 situation have on your contractual obligations?
Kocian Solc Balastik, April 2020

Many governmentalregulations may prevent contractual obligations from being duly fulfilled. How can you best handlethe performance, or more precisely, thenon-performance of your contracts? Force majeure Section 2913 of Act No. 89/2012 Coll...

COVID-19 "Antivirus Programme" Key Financial Assistance for Employers in the Czech Republic- Part I
Kocian Solc Balastik, April 2020

Are you considering how to maintain employment of your employees and minimize economic losses? Take a look at what financial instruments the state has prepared for entrepreneurs whose employees have been affected, directly or indirectly, by government measures taken to combat coronavirus...

COVID-19 - "Antivirus Programme" - Key Financial Assistance for Employers in the Czech Republic - Part II
Kocian Solc Balastik, April 2020

(continuation from Part I - separate article) Part II - "Antivirus Programme" - Financial Assistance to Czech Employers   The Ministry of Labour and Social Affairs was mandated by the Government to further prepare a compensation program for entrepreneurs who continue to operate but whose production has decreased due to measures (category C of the Antivirus Programme)...

COVID-19 - Impact of the Czech Government Measures on Employment Relations
Kocian Solc Balastik, March 2020

Impact of the Czech Government measures on employment relations The current situation has a considerable impact on employment relations...

COVID-19 II Relief Programme Czech Government Financial Support for Self-Employed and Small and Medium-Sized Enterprises - Urgent Approaching Deadline for Submissions
Kocian Solc Balastik, March 2020

COVID II programme – Government financial support for self-employed and small and medium-sized enterprises   Aid for self-employed persons ('self-employed') and small and medium-sized enterprises ('SMEs') affected by anti-coronavirus measures pursuant to the Czech Government’s 'COVID GUARANTEE' programme was exhausted in one day...

COVID-19 - Czech Government Approves Tax Mitigation Measures Related to Coronavirus Emergency UPDATED
Kocian Solc Balastik, March 2020

Czech Government Approves Mitigation Measures Related to Coronavirus Emergency UPDATED   In connection with the coronavirus emergency, the Czech government has approved a liberation tax package aimed at mitigating the consequences of the emergency...

Covid-19 Czech Health Ministry's Special Measures
Kocian Solc Balastik, March 2020

Czech Health Ministry's Special Measures UPDATED   The government explicitly stated in the Emergency Resolution that the Health Ministry’s existing emergency measures are not to be affected by the state of emergency, which means that they remain valid and must be observed. All the Health Ministry’s special measures introduced valid after the emergency was announced must be observed as well. A brief summary (updated on 19March 2020) is outlined below...

Covid-19 Czech Republic - The Offence of Spreading Coronavirus
Kocian Solc Balastik, March 2020

The offence of spreading coronavirus From what point exactly is the spreading of COVID-19 a criminal offence? Is it only intentional spreading that is punishable or is negligence also a criminal offence? What is at stake? What are the aggravating circumstances and when do the penalties increase? And can these criminal offences also be committed by a legal entity? The Government of the Czech Republic adopted, as a part of emergency measures due to health threat, Regulation No...

Covid-19 Convening General Meetings During a State of Emergency - Czech Republic
Kocian Solc Balastik, March 2020

The General Meeting during the State of Emergency? Can it take place? And can it be convened? Do crisis measures contain an exception for meetings of the statutory organs of the company (e.g...

Covid- 19 - Obligation of Czech Employers to Protect Employees from Coronavirus
Kocian Solc Balastik, March 2020

Obligation of Czech employers to protect employees from coronavirusPursuant to Section 106 (1) of the Labour Code, an employee has the right be assured of occupational health and safety protection at work (hereinafter referred to as "OHS"), even during a pandemic.Regarding prevention, the provision in section 102 of the Labor Code remains paramount...

COVID-19 State of Emergency Conditions in the Czech Republic
Kocian Solc Balastik, March 2020

State of Emergency Conditions What does "state of emergency" actually meanand what are the powers of the Government in the regard? Can someone claim damages incurred in relation to the state of emergency? State of Emergency With effect from 12 March 2020 at 2 pm, the Government of the Czech Republic (the “Government”) has declared astate of emergency for 30 daysfor the territory of the Czech Republic due to health threats related to the presence of coronavirus in the

Czech Republic COVID-19 Crisis Measures Issued After the Announcement of the State of Emergency
Kocian Solc Balastik, March 2020

Crisis measures issued after the announcement of the state of emergency List as of 14 March 2020 1. Temporary implementation of the protection of internal borders in the Czech Republic Underlying document: Government Declartion No. 197 from 12.3.2020 and extraordinary measures of the Ministry of the Interior dated 13.3.2020 Effectiveness from: 14.3.2020 od 0:00 hod. Effectivness until: 18.3...

 

 

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