In the Newsletter No. 5/2016 we bring insight to the new regulation relating to:
- the acquisition of immovable assets tax, which follows from the novelization of the statutory measure of Senate No. 340/2013 Coll., on the acquisition of immovable assets tax (Act No. 254/2016 Coll.) and will become effective as of November 1, 2016. The most important change that is brought by the novelization is the change of the taxpayer. Newly the tax will be paid only by the party acquiring the ownership title to the immovable assets (i.e. by the buyer);
- the restriction of trading hours for small and large shops in the Czech Republic introduced by the New Act No. 223/2016 Coll. on Trading Hours in retail sale and wholesale effective as of October 1, 2016 and
- the criminal liability of legal entities, which follows from the novelization of the Act No. 418/2011 Coll., on Criminal Liability of Legal Entities and their Prosecution (No. 183/2016 Coll.) and will become effective as of December 1, 2016. The new law significantly extends the list of criminal offences for which legal entities may be held criminally liable, while at the same time it also introduces certain new provisions that allow more possibilities to exempt legal entities from their criminal liability.
