Tax and legal news

Penalties on late payments of social security and the contribution to the government’s employment policy paid by employers for the period May to July 2020 will be reduced by 80 per cent if the employers pay the payments by 20 October 2020 at the latest.

Penalties on late payments of health insurance paid by employers for their employees in the period March to August 2020 will not be collected by insurance companies .

On 26 May 2020, the Chamber of Deputies approved postponing of all phases of ERS until the end of 2020.

On Thursday 28 May 2020, the Chamber of Deputies approved the original governmental amendment to the Compensation Bonus Act. The compensation bonus can be drawn by associates of small companies .

The Chamber of Deputies approved the option of postponing payments of social security made by employers for the period May to July until 20 October 2020.

The Chamber of Deputies approved conditions for direct support of self-employed persons (the SEP) in the form of a one-time compensation bonus amounting to CZK 25,000. The amount is not subject to taxation nor insurance contributions.