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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

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How the minimum levy for self-employed workers will increase in 2025 Personal income tax
Marek Toráč
| 4 min read | December 3, 2024

All articles

From SAC case-law: Application of flat-rate expenses without a trade licence Personal income tax

The Supreme Administrative Court (the “SAC”) dealt with a dispute between an individual (the plaintiff) and the Appellate Financial Directorate (the...

Marek Toráč
| 6 min read | September 23, 2024
Autumn grant opportunities for companies outside Prague Grants

Did you notice that in mid-September the schedule of calls in the Operational Programme Enterprise and Technology for Competitiveness was updated? If not,...

7 min read | September 23, 2024
Flood donations and VAT Value-added tax

In connection with the recent floods, which affected virtually the entire Czech Republic, the Financial Administration responded to this natural disaster by...

3 min read | September 23, 2024
Crypto-assets and exemption from income tax? Personal income tax

The Czech Chamber of Deputies is currently debating the implementation of EU regulations in the area of financial market digitisation and sustainability...

3 min read | September 23, 2024
Offer of free legal assistance for individuals and local authorities affected by the floods Legal

GT Legal, s.r.o. offers free legal assistance to individuals and municipalities affected by the floods. We realise that you are currently busy clearing up,...

4 min read | September 19, 2024
Abuse of Law in Taxes – Positive Judgments Transaction and M&A

Two landmark judgments on the issue of abuse of rights are currently being widely discussed in the professional community.

Petr Němec
| 9 min read | September 10, 2024
Can flat-rate expenses be used when assessing tax by using aids? Personal income tax

In its judgment of 26 April 2024 No. 2 Afs 333/2021 – 60, the Supreme Administrative Court (“SAC”) dealt with an interesting dispute between an individual...

Anna Beránková
| 4 min read | September 10, 2024
New EU legislation – the right to repair of goods and the Ecodesign Regulation Corporate and Commercial Law

Two important pieces of legislation have passed through the European Parliament in recent months – the directive on common rules to promote the repair of...

Gabriela Jandová
| 8 min read | September 10, 2024
How will the planned amendment to the Labour Code increase flexibility in the labour market? Labour law

Another amendment to the Labour Code and the Civil Service Act and related regulations (the so-called “flexi amendment”) [1] may come into force as early as...

Veronika Odrobinová
| 8 min read | September 10, 2024
Approved Interpretation I-50 Deferred Tax and Exchange Differences Excluded from Taxation Accounting and economic advisory

In June 2024, the National Accounting Council (“NAC”) approved a new Interpretation I-50 related to deferred taxes.

2 min read | September 10, 2024
Change in the Definition of the Net Turnover Item from 1 January 2024 and Recognition of the Prior Period in the Profit and Loss Account Accounting and economic advisory

From 1 January 2024, the definition of net turnover was changed in Act No. 563/1991 Coll., on Accounting, among other things. This affects accounting...

3 min read | September 10, 2024
A revolution in beverage container recycling? Tax & Accounting

From 2026, a deposit system for PET bottles and beverage cans will probably start operating in the Czech Republic. The Ministry of the Environment hopes to...

3 min read | September 10, 2024
VAT group – applications and possible changes Value-added tax

Are you considering creating a VAT group (or changing it) to be registered from January 2025? The main advantage of a VAT group is that its members do not...

Richard Knobloch
| 2 min read | September 10, 2024
Refund of VAT paid in the EU Value-added tax

If you paid local VAT on goods or services bought in an EU country in 2023 and you use such supplies for your business, you can claim a refund. Most often...

Richard Knobloch
| 2 min read | September 10, 2024
Amendment to the Investment Companies and Investment Funds Act Banking & Finance

Investment market regulation underwent extensive legislative changes at the beginning of the summer holidays. The amendment to the Investment Companies and...

6 min read | September 10, 2024
Amendment to the Act on Top-Up Taxes is already in the Chamber of Deputies Corporate income tax

In May 2024, we informed you in our article that the Ministry of Finance of the Czech Republic has submitted an amendment to Act No. 426/2023 Coll., on...

3 min read | September 10, 2024
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