Draft Amendments
As a result of the planned public funding reform, the Ministry of Finance presented five amendments to the following tax legislation: the Income Tax Act, the Reserve Act, the Value Added Tax Act, the Real Estate Tax Act and the Inheritance, Donation and Real Estate Transfer Tax Act. In addition, the Registration Cash Registers Act is another act to be amended. The drafting procedure is underway. All drafts are currently subject to external review procedure. This means that their texts may change substantially before the drafts are to be submitted to the Chamber of Deputies and the Senate for approval. We will keep you updated on all major changes that occur during the approval process.
Other articles
KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
