Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 33
Czech Republic
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Property
•
Tenants (both, commercial and residential) have been temporarily protected from
eviction for non-payment.
Have any changes
•
been made to
the laws around
property, rent and
enforcement?
Payment of rent by the affected businesses and individuals can be deferred. State
to pay up to 50% of rent for closed business premises, provided that the landlord
discounts 30% of the rent and the tenant will pay remaining 20%.
Litigation
•
Yes, but hearings are often adjourned.
Are the courts
operating?
•
Missing of certain procedural deadlines could now be waived, if caused by COVID-19.
Tax
•
•
Has any new
legislation been
introduced in light •
of COVID-19?
Company
law matters
Deadlines for most tax filings have been deferred.
Some tax deposits, which are paid on a regular basis during the year, were waived
(but the annual tax would still have to be paid in the full amount).
Any tax loss from 2020 can be extraordinarily applied against income from previous
years – and the resulting tax overpayments claimed.
•
No new tax imposed and the government even indicated that it would not consider
any new taxes or increase of the existing taxes. Some land-related taxes are
relaxed.
•
Some social and health security payments have been waived and other deferred.
•
Tax on the acquisition of real estate should be abolished.
•
General meetings can be held remotely by all companies.
•
Deadlines for approvals of accounts are extended based on individual circumstances
up until 31 December 2020.
Have any measures
been put in place •
to accommodate
social distancing
(such as remote
general meetings)?
Expiry of directors’ appointments is extended for the duration of restrictive
government measures and for three months following their relaxation.
Government measures in key jurisdictions
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