New International Agreements

Parliament is currently discussing four Double Tax Treaties (“Treaties”), principally the Treaties with the Kingdom of Bahrain and Hong Kong, which were executed in May and June of this year. The Treaties concluded with Denmark and Poland were added to the former Treaties in September. It is estimated that the Treaties will become effective in 2012 or 2013.
The Treaties set forth, inter alia, the maximum tax rates to be paid on income in the source state, e.g. income from dividends, interest or license fees. Such rates, depending on the type of income, are set at 0 to 15%.
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KŠB Supports Smetana Litomyšl’s Charitable Grand Finale
The 68th annual Smetana Litomyšl Festival closed this year with the Grand Finale – Italian Film Night, which took place under the patronage of our law firm. The Czech Radio Symphony Orchestra, conducted by Tomáš Brauner, performed celebrated film music by Nino Rota, Luis Enrique Bacalov and Ennio Morricone in the second courtyard of Litomyšl Castle, which was also broadcast live on ČT Art and Czech Radio Vltava.
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