News

Recent News in the Value Added Tax Act

27.01.2015

The Act No. 235/2004 Coll., on Value Added Tax, was recently amended. With effect as of 1st January 2015, a new 10 % VAT rate was introduced. This rate shall be applied to baby nutrition, books and medicine.

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Amplification of Protection of Intellectual Property Rights

20.01.2015

As of January 1st, 2015, Act No. 355/2014 Coll., on the Scope of the Customs Administration of the Czech Republic in Connection with the Enforcement of Intellectual Property Rights, became effective.

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New Sanction for Employers for Breaching the Duty of Keeping Certain Documents

13.01.2015

According to the provision of Sec. 136 Subsection 1 of the Act No. 435/2004 Coll., on Employment, employer shall keep copies of documents that prove the existence of employment relationship.

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The European Succession Regulation

06.01.2015

The European Parliament and the Council have adopted a new regulation No. 650/2012 of 04.07.2012 on jurisdiction, applicable law, recognition and enforcement of decisions and acceptance and enforcement of authentic instruments in matters of succession and on the creation of a European Certificate of Succession. The regulation is to be used if a person died after 17.08.2015..

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