Vat Act amendment
The VAT Act amendment, which forms a part of the Senate’s legal measure on amending certain tax acts in connection with the recodification of private law and which will become effective on 1 January 2014, contains a number of changes mainly of a legislative-technical character, in particular it brings the terminology of the VAT Act into compliance with the “recodification regulations”.
During the legislative process, certain lawmakers proposed amendments to the act that would mitigate administrative impacts on the system of a guarantee for outstanding VAT (this would not apply to taxable supply for which the consideration would not exceed CZK 700,000). Nevertheless, such proposals were not adopted and the guarantee rules will hence remain the same next year.
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DNS – What Now Constitutes a Commonly Available Supply or Service
Professional literature has traditionally compared a dynamic purchasing system (DNS) to a standard online purchase. However, in its judgment No. 22 As 15/2025-65 of 12 May 2026, the Supreme Administrative Court significantly refined this understanding.
KŠB Advised J&T IB and Capital Markets on the 3M FUND MSI SICAV Bond Program
Kocián Šolc Balaštík provided legal advice to J&T IB and Capital Markets, a.s. as the arranger in preparing the base prospectus for 3M FUND MSI SICAV a.s.’s bond program.
