Czech Republic


Invitation to join us for a webinar: Safeguard your business from phishing attacks

RSM professionals are preparing a series of cyber security seminars for you. These workshops are primarily intended for people whose background is not IT management, but who routinely use it in their work. It is about drawing attention to issues for people in leadership positions in order to understand the possible impacts of cyber attacks. […]

Ground-breaking judgment of the Constitutional Court – VAT payers entitled to the refund of an undisputed part of excess VAT

In another ground-breaking judgment relating to taxation, the Constitutional Court has ruled in favour of VAT payers. The Constitutional Court has been more and more often considering disputes between VAT payers and tax authorities, where the tax authority has withheld the entire excess VAT while contesting only some performance and considering the other undisputed. In […]

Invitation to join us for a webinar: Brexit and the impact on VAT

With only a few weeks to go (effective date 29 March, 2019) and still no sign of an agreement between the United Kingdom (UK) and the European Union (EU), many tax authorities are gearing up for a hard Brexit. A “hard Brexit” means a number of things, but critically it means customs-controlled borders, which introduces […]

NetSuite – Welcome to the future of ERP solutions

For 20 years, NetSuite has been changing enterprise processes. The world’s most successful cloud system provides ERP and financial management, ecommerce, customer care and service automation. Data is stored in a single, unified database, keeping all important information within arm’s reach. NETSUITE is a global as well as local solution NetSuite consolidates management and financial […]

Economy and stock markets

The beginning of a new year is always associated with keeping or giving up on New Year’s resolutions as well as expectations as to what the coming year will be like. As for economics, we have taken a quick look at what development is suggested by the German stock market. If these expectations are fulfilled, […]

RSM posts record revenues as consulting services power growth

RSM achieved global revenues of $5.37 billion, up 5.4% on 2017 Consulting revenues rise 14.5% as clients look to navigate complex international landscape RSM, the leading global network of audit, tax and consulting firms focused on the middle market, has reported record global revenues of $5.37 billion for 2018, crowning five consecutive years of growth. […]

Half of internet users click suspicious links. You just don’t know which half.

50% of employees admit to clicking links from unknown senders. But which 50%? It’s time for a targeted approach to cybersecurity training. Teaching users with simulated phishing attacks and training is half the battle in the race against phishing attacks. But what about the real test for users? The phishing emails, the unverified USBs, the […]

Changes in payroll in 2019

Dear readers, we are providing you with a simple and brief overview of changes and new developments in payroll effective in 2019. Minimum wage increased With effect from 1 January 2019, the minimum monthly wage has been increased from the current CZK 12,200 to CZK 13,350. The basic hourly wage has been increased from CZK 73.20 […]

Do you finance your company using debt capital and deduct the financial costs from the corporate income tax base?

If so, we recommend acquainting yourself with the proposed amendment to the Income Taxes Act in sufficient time in advance. The amendment is currently before its second reading in the Czech Parliament’s Chamber of Deputies as the implementation of the European Anti-Tax-Avoidance Directive (as we informed you in our August newsletter) will bring a significant […]

Overtime work – records and payment

Every now and then overtime occurs nearly in any line of business, in any job. How much overtime can employees work in a year? And how is it compensated? Overtime work is governed by the Labour Code, specifically section 78(1)(i) and section 93. Employees may be ordered by the employer to work overtime beyond their […]