The CBAM, or Border Carbon Offset Mechanism, is a European Union instrument established by Regulation 2023/956 establishing a border carbon offset mechanism. The aim is to reduce greenhouse gas emissions and promote fair competition. The CBAM applies to selected carbon-intensive goods such as: cement; electricity; fertilisers; iron and steel; aluminium; hydrogen; and products of the
Our company New Year’s party in the unique space of MěstoMoře in Holešovice was both business and fun. With a large number of colleagues and guests in attendance, we recapped the 14-year history of LTA, the partners presented their visions and prospects for the next period and the new marketing concept of LTA – Your
Merger in the EUROMEDIA GROUP This was a merger by merger of EUROMEDIA GROUP, a.s. as the successor company and KH Financing s.r.o., NEOLUXOR, s.r.o. and GRANIT, s.r.o. as the dissolving companies. EUROMEDIA GROUP, a.s. is one of the strongest players on the Czech book market. Under its wings it has book publishing houses with
Real estate tax returns are usually filed by taxpayers who bought or sold real estate during the previous year. However, at the beginning of 2024, you need to stay alert because a number of significant changes brought about by the consolidation package will require additional taxpayers to file a return. The amendments to the Real
We would like to inform you that an amendment to the Employment Act has been approved, which also amends the Labour Code and will come into force on 1 January 2024. This amendment brings a number of changes, some of which have a significant impact on agency employment. Changes to employment agencies The mandatory deposit
The Chamber of Deputies has approved the law on third party liability insurance, which now goes to the Senate. The new legislation responds to the relevant European Directive and introduces key changes to the legal framework relating to third party liability insurance. Extension of the range of vehicles subject to insurance The new legislation extends
Consolidation package The so-called consolidation package – a bill amending more than 60 bills in connection with the consolidation of public budgets – has been approved. The bill introduces the following changes to accounting and tax legislation effective from 2024: corporate income tax increase – from 19% to 21%; personal income tax rate of 23%
The Supreme Court of the Czech Republic recently addressed the issue of entitlement to holiday pay where the employee did not work for the employer as a result of a court dispute between the parties over the validity of the termination. As the issue concerns European law, which expressly provides for the right to leave,
You have surely heard of whistleblowing and whistleblower protection. Do you feel that it does not concern you? The opposite is true. The new legislation, which came into force on 1 August this year, is primarily aimed at employers with more than 50 employees. They must have an internal reporting system in place by 15
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