11.7.2011
News

From the European Court of Justice

VAT: Action of the European Commission against the Czech Republic
  • The European Commission filed an action against the Czech Republic at the European Court of Justice for an infringement of the VAT Directive; the directive was infringed by the fact that the Czech Republic allows a person who is not obliged to pay tax to become a member of a group established for purposes of VAT. In the Czech Republic, the possibility of the group registration is often used solely by holding companies, which do not perform any economic activities and therefore are not persons obliged to pay the tax. The European Commission requests the relevant remedy and proposes to impose reimbursement of the costs of the litigation on the Czech Republic.

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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.

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.

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