21.11.2013
News

Legal measures

Legal measures by the Senate

A legal measure was published in the Collection of Laws under No. 344/2013, Coll., which amends, among others, the Income Tax Act, Reserves Act, Accounting Act and VAT Act, in particular in connection with the upcoming recodification of private law. The Senate adopted a number of amendment proposals regarding the governmental draft of the cited legal measure.  

Other legal measures adopted by the Senate, namely on acquiring immovable property and on amending the General Health Insurance Contributions Act, were also published in the Collection of Laws under No. 344/2013, Coll.

We will provide more details of the amendments in our next issue of Tax News.

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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.