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Taxes in 2013: Changes in VAT Rates and Employee Taxation
7.5.2013 Several Taxation Act amendments became effective as from January 2013. The changes concern both direct and indirect taxes, resulting in new obligations for taxpayers. The following i...
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Monetary Policy of Czech National Bank in Conditions of Global Crisis
1.11.2012Since the outbreak of the global financial and economic crisis in 2008, central banks all over the world, not excluding the Czech National Bank (CNB), have faced many challenges. The...
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Czech Banking Sector Remains Stable
1.11.2012Following the privatisation of large banks at the turn of the millennium, the banking sector in the Czech Republic is mostly internationalised and over 95% of assets are controlled by foreign...
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Capital Market in the Czech Republic
1.11.2012A number of financial institutions can be found on the Czech capital market, in addition to other licensed entities whose existence is essential for the functioning of the capital market as a...
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Year 2012 brought a number of tax changes
1.11.2012The beginning of 2012 brings with it a number of tax changes especially in the field of value added tax, income taxes, and property taxes. The most significant of these changes are described ...
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Entrepreneurship of foreign entities and its taxation in the CR
1.11.2012 Entities that are not tax residents of the Czech Republic may become liable to income tax according to the Income Tax Act No. 586/1992 Coll., as amended, if they receive income derive...
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Employees – Taxation, Social Security, and Health Insurance
1.11.2012The extent of the individual’s taxation in the Czech Republic depends on the individual’s tax residency status. Czech tax residents are subject to tax on their worldwide income. Czech tax non...
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