TAX DEDUCTIBUILITY OF EMPLOYER CONTRIBUTIONS
In connection with new – as of 2015 – conditions concerning the tax benefit for individuals with life insurance, the Czech Association of Insurance Companies (CAIC) has published some ways to document compliance with the conditions for tax deductibility in respect of employer’s contributions to employees’ private life insurance with member insurers. Taxpayers can check the CAIC’s website to see whether they can apply paid insurance premiums to reduce their tax base.
Whether certain insurance can qualify as tax deductible is documented by the insurance contract/policy. If no implication to that effect is made in the insurance contract/policy, the applicant must present an amendment or an insurer’s confirmation of a unilateral change to the terms and conditions. Further details on how particular insurers proceed are listed in a summary available on the CAIC’s website.
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KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.
Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?
The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
Success for KŠB’s Litigation Team
KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.
