Cancellation of the Real Estate Acquisition tax in the Czech Republic
30.10.2020
Real estate acquisition tax equaled to 4% of the total purchase price. In practice, this means that the buyer does not have to pay real estate acquisition tax anymore. Although in the Collection of Laws published on 25/09/2020, the cancellation of this tax applies retroactively – the tax obligation shall not apply for ownership entries registered in the Land Register since December 2019.
There is also a change of the time test for exemption from the personal income tax of income from the sale of real esta
Read morePlanned changes in road transport law
20.10.2020
Following changes in road transport law (zákon o provozu na pozemních komunikacích) were adopted by the Government of the Czech Republic on August 17, 2020.
The most significant change is creation of a new category „beginner driver“. A driver will belong into this category for the first two years starting from receipt of the driver´s licence. The Czech Republic uses points-based system for traffic offences, in which driver loses their driver´s license once they acquire 12 points. Beginner drivers have this
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