Important Changes in the Czech Tax Regulation as of 1st January, 2014

Although this article is supposed to be focused on taxes, it is worth mentioning, that the New Civil and Corporation Law is coming into force starting from January 2014. Upcoming changes are going to impact all Czech legal entities and private persons, and of course foreign persons running business in the Czech Republic. In particular, the business entities have been spending significant amounts of money to adapt to the new law (e.g. statutory deeds, general terms and conditions of contracts with customers).