Legal measures
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.
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.
