Tax and legal news

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.

Due dates for submission of corporate and personal income tax returns for 2019 and real estate transfer tax returns area postponed. Payments of depostits on income tax are waived and so is payment of road tax.