Tax and legal news
An amendment to the VAT Act was approved together with a tax package, and it changed the provision governing the method of calculating and rounding VAT. The amendment as a whole is effective from April 2019, but according to the interim provisions, the existing VAT calculating method can be used until the end of September. The first impression could be that such a change is not really substantial, but omitting the change can influence the correctness of issued tax documents. We recommend to all VAT taxpayers that they check their accounting software and their preparedness for the change so that the method is applied correctly in October.  more...
The governmental amendment to the ERS Act (the Electronic Registration of Sales Act) has been under discussion for quite a long time, but the Senate has refused its wording. The approval depends on a repeated vote in Parliament in September.  more...

KempHoogstad Tax Advisors

KempHoogstad was founded in 2006 by tax advisors and lawyers who have acquired their experience at reputable international law and tax firms. The quality of our services is comparable with those provided by big international law firms and tax advisory companies. We are smaller but highly specialised, and we provide our services more promptly and more efficiently than our competitors. 

You can rely on our top expertise gained during various projects and transactions related to Czech and international tax law, structuring of intragroup financing, mergers, acquisitions, due diligence, real estate, and others. Moreover, we provide services in the field of compliance, such as preparation of corporate or personal income tax returns, as well as indirect and other taxes.

You can also use the services of our partner tax firms abroad.

We know all our clients personally, which helps us to design tax scenarios tailored to their needs and requests. Completing an assignment does not mean the end of work for us. We always provide something more in the form of suggestions and advice that help our clients achieve their business goals.

We have access to sensitive financial data when working for our clients. We, therefore, take extra precautions in handling the data professionally and keeping it safe. Our advisors are experienced in dealing with highly respected managers and in working on important transactions. In this respect, the confidentiality of information is a high priority for us.

Our complete independence as a tax advisor or consultant is the most valuable benefit to the interests of our clients. We are specialists in tax law, and we cooperate with our clients' lawyers, notaries, accountants and other institutions. We always act according to our own discretion, independently, and we always prioritise the interests of our clients.