Good governance
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
Major amendment to the Act on Corporations
Act No. 33/2020 (hereinafter the “Amendment”), amending Act No. 90/2012, on corporations and associations (the Act on Corporations), as amended (hereinafter the “Act on Corporations”), entered into force on February 13 of this year upon its promulgation in the collection of documents. The Amendment was called “major” because it involves the most extensive changes to Czech corporate law in the past six years. Although the vast majority of provisions in the Amendment take effect as of January 1, 2021, it is important to prepare for them in advance.
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Determining super-gross wage to claim support under Antivirus Regime C
New Regime C of the Antivirus programme, waiving part of social security premiums and state unemployment policy contributions mandatorily paid by employers (i.e. 24.8% of the aggregate income of their employees) for June to August 2020, gives rise to the question of an impact of this new regulation on income tax on employment.
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Antivirus C – a quick overview of the new Czech social security premium waiver programme
On 19 June 2020, the President of the Republic signed an amendment to the Social Insurance Act, which means that mode C of the Antivirus programme entered into force. Providing a waiver of social security premiums for employers with up to 50 employees, the programme aims to support the maintenance of employment for employees in employment.
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