Business in the process of change: Opportunity in a world full of waiting
InsightIn the first of a new Grant Thornton series on current international business trends, we explore how the changing economic environment can offer growth...
November 3, 20163 min read

From January to September 2016 the Czech Social Security Administration (CSSA) received almost 62 thousand requests for recalculation of retirement pension for working pensioners. With these numbers the amount of recalculation requests is already as high the amount of request for the whole year 2015. A working pensioner is eligible to recalculation and raise of his or her pension after having worked for 360 days, both when he or she is either an employee or an entrepreneur. It must be pointed out that the 360 day period does not include unpaid holiday, absence without leave, temporary occupational incapacity or leave to take care of a household member. The recalculation does not happen automatically; it is carried out on the basis of a written request by the pensioner. One is eligible to a raise based on gainful activity performed after 31st December 2009. This is provided for in a provision from 1st January 2010. From 1st January 2014 a pensioner, who is involved in a gainful activity that is a basis for a pension and who is at the same time being payed the full amount of retirement pension by the CSSA, can make a request for a raise every time he or she has worked for 360 calendar days. Until 31st December 2013 it was possible to make a raise request either after two years of consecutive gainful activity or after the activity has ended. This is no longer a requirement. It is now possible to request a raise after every 360 pensionable days.
In the first of a new Grant Thornton series on current international business trends, we explore how the changing economic environment can offer growth...
In the first of a new Grant Thornton series on trending international insights, we examine the wider impact of tariffs on the mid-market. The dip in market...
The so-called Chip Act is a key agreement for the European Union, which is currently struggling with high dependence on external semiconductor suppliers. The...
The government has approved the Operational Programme Employment Plus, due to which our country can receive EUR 1.459bn from European funds in the period...
At its meeting, the National Accounting Council (NAC) approved an interpretation relating to the accounting solution of a vacated share and settlement share...
Prolongation of deadlines for the notification requirement for cross-border arrangements
On 9 October 2019, and amendment of act no. 112/2016 Coll., on the use of electronic cash registers, promulgated under number 256/2019 Coll. was published in...
In May 2020 the amendment to the Act on Electronic Records of Sales comes into effect. It concerns entrepreneurs who belong to the 3 rd and 4 th phases. That...
The SAC issued a ruling on February 7 th , 2019 by which it denied the complaining party’s appeal in cassation.