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"Švarcsystém": Navigating an Environment of Diverging Rules Payroll agenda

The debate regarding so-called "Švarcsystém" has been a recurring theme in the business environment for decades. It describes situations where a...

Marek Toráč
Anna Beránková
| 4 min read | May 5, 2026
Instructional Videos for JMHZ on the CSSZ ePortal Payroll agenda

In response to the increasing number of inquiries regarding the Unified Monthly Employer Report (hereinafter " JMHZ "), the Czech Social Security...

Marek Toráč
Anna Beránková
| 2 min read | May 5, 2026
GT Verdict: Sport is Built on Fair Play—But What About Finance? Verdict

In sports, we generally assume that everyone plays by the rules. This trust is a natural part of the game, much like the fact that everyone on the field...

Peter Burnus
| 5 min read | April 27, 2026

Most read

How the minimum levy for self-employed workers will increase in 2025 Personal income tax
Marek Toráč
| 4 min read | December 3, 2024
Renewable Sources in Germany Covered a Record 58% of Electricity Consumption in the First Half of the Year New energy | Advisory
4 min read | July 21, 2026
Supreme Administrative Court: Limits on Monitoring Electronic Communication Labour and Immigration Law | Legal
Tomáš Kreisl
| 3 min read | July 21, 2026
Waste-to-Energy (WtE) in the Czech Republic: Record Incineration, New Capacities, and Future Challenges Circular economy
Jakub Malý
| 5 min read | June 29, 2026

All articles

When the search activity of the tax administrator exceeds its limits and in fact constitutes a tax audit? What are the procedural implications of such a conclusion? Tax Audit

Within its statutory activities, the tax administrator is entitled to perform search activities, where it searches for evidence and tax subjects and...

13 min read | May 17, 2022
The limit for registration to VAT may increase to CZK 2m Tax & Accounting

The Ministry of Finance of the Czech Republic has submitted a tax package ( here ), where, among other things, it proposes to increase the threshold for...

Richard Knobloch
| 3 min read | May 16, 2022
Imminent insolvency and obligations for members of the statutory body Legal

Considering the economic developments of the recent years, bankruptcy remains a very current topic for many entrepreneurs. Even if a member of the statutory...

4 min read | May 16, 2022
Set-off of receivables in the context of the Sberbank case Conflict in Ukraine

According to the current statutory regulation of article 1982 of the Civil Code, the conditions for set-off are, firstly, performance of the same kind and,...

5 min read | May 16, 2022
Amendment favouring the use of low-emission vehicles heading to the Senate Tax & Accounting

As part of the support of electromobility, the Chamber of Deputies has approved an amendment concerning the use of the work cars for private purposes. For...

3 min read | May 11, 2022
Further increase in CNB interest rates Advisory

The Board of the Czech National Bank has decided on the following interest rates effective from 5 May 2022:

2 min read | May 9, 2022
Benefits exempt from income tax in the form of a cash payment Tax & Accounting

Article 6/9/d of the Income Tax Act states that an employer may provide non-monetary benefits to an employee in the form of use of recreational, medical or...

Roman Burnus
| 3 min read | May 9, 2022
Be aware of possibility of penalty when submitting supplementary tax return Tax Audit

With effect from 1 January 2021, Act no. 280/2009 Coll., the Code of Tax Procedure, as amended (hereinafter the “Code of Tax Procedure”), was amended to...

5 min read | May 3, 2022
Public and non-public information on trust funds in the beneficial ownership register Legal

Approximately one year ago, an amendment to Act No. 37/2021 Coll., on the registration of beneficial owners (hereinafter referred to as the “Beneficial...

6 min read | May 3, 2022
National Accounting Council – a possible source of accounting information and a step towards the application of IFRS Audit

Czech accounting is traditionally based on legal regulations. It is regulated mainly by the Accounting Act, implementing decrees, including standards that...

10 min read | May 3, 2022
Incorrectly applied tax credit for spouse Tax & Accounting

The Supreme Administrative Court dealt with a dispute between a plaintiff and a defendant (the Appellate Financial Directorate) concerning an appeal in...

Roman Burnus
| 4 min read | May 3, 2022
Deadline for payment of real estate tax approaching Tax & Accounting

The due date for payment of the real estate tax is approaching and the tax administration is responding by sending out a total of 2.8 million envelopes to...

3 min read | May 3, 2022
The European Securities and Markets Authority (ESMA) has issued a report on the activities of the supervisory authorities for 2021 Audit

In our autumn 2021 newsletter, we informed you about ESMA, which was established in the year 2011. ESMA is an independent body of the European Union, whose...

3 min read | May 3, 2022
Transfer of personal data between the EU and the US in the light of the new framework for the transfer of personal data Legal

Until mid-2020, the transfer of personal data between the European Union (“EU”) and the United States of America (“US”) operated under the EU-US Privacy...

Martina Šumavská
| 4 min read | May 3, 2022
Amendment of the beneficial ownership registration act Legal

On 31 March 2022, the Ministry of Justice published a draft law amending Act No. 37/2021 Coll., on Beneficial Ownership Registration (the “BOR Act”). The...

3 min read | May 2, 2022
Revision of the milestones and targets of the National Recovery Plan Advisory

The European Commission approved the National Recovery Plan (NRP) for the Czech Republic on 19 July 2021. The Czech Republic has been allocated a total of...

Jiří Dvořák
| 7 min read | April 19, 2022
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