GT News

During the useful lives of fixed assets, situations may arise when the residual value of an asset no longer corresponds to the value that the asset is...

Buying land is a costly matter nowadays and in some ways, it is a more challenging process than buying an apartment. During the verification, it is not enough to only check the land register. It is also necessary to look at the zoning plan. This may contain various restrictions that may complicate your building plans at best. At worst, you may not get to build anything at all.

The Council of the EU has presented a proposal to update legislation on cross-border shipments of waste. This initiative focuses on the export of waste, the fight against illegal shipments and the digitisation of this activity. The main change will be a ban on the export of waste destined for disposal to other Member States and a restriction on the shipment of waste to non-OECD countries.

In its judgment of 24 January 2023, Case No. 4 Cmo 129/2022, the High Court in Prague dealt with a statute of limitations objection raised by a managing...

Due to the large number of relationships and transactions between Czech and Slovak tax entities, we provide basic information on the amended transfer pricing...

On 4 May 2023, the Court of Justice of the European Union (CJEU) published several judgments, in which it commented on some key data protection issues.

If a company needs fast operational or project financing, there are several ways to go about it. External resources are often difficult to access. A company,...

In this article we would like to summarize the basic information regarding the annual financial report, i.e. who prepares the report and how it differs from...

On 31 May 2023, the Senate approved two related bills from the Ministry of Finance and the Ministry of Labour and Social Affairs as referred by the Chamber...

The European Union is one step away from adopting a new Ecodesign Regulation that will regulate the manufacturing and marketing of products to improve their energy efficiency and minimise negative environmental impacts. As consumers play a key role in the transition to a more sustainable and greener economy, the new initiatives also focus on providing accurate information on the environmental impact of products and services, thereby helping consumers in their purchasing decisions.

On 1 June 2023, the Senate debated the Government’s Whistleblower Protection Bill, on which it ultimately passed no resolution. The 30-day deadline for the...

A new LNG station has opened in Modletice. Trailer-trucks can refuel using liquefied petroleum gas in seven locations in the Czech Republic. Grant Thornton played an important role in the realisation process. “We provided subsidy services, i.e. everything from the preparation of the necessary documents through the submission of applications to the actual administration of the drawdown of funds during implementation,” explains Jiří Dvořák and adds that he enjoys participating in similar projects not only pro

The Chamber of Deputies is currently debating a government bill amending the Labour Code. One of the amended areas is agreements on work performed outside...

Surely you know it, when you are browsing the Internet, ads pop up for miraculous skin products, weight loss or quick and easy earning, supported by a photo,...

The Personal Data Protection Office (PDPO) has issued rules for the use of cookie bars and for giving consent to the use of cookies, which is usually...

The government is currently debating an amendment that would introduce a new retirement savings product called the “Long-Term Investment Product.” The...