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.

Spotlight issue

27th July 2021 / Good governance / Legal Reform and Transparency


Companies to disclose income tax payment information

The European Commission has published a draft directive on the mandatory disclosure of information on income tax payments in individual member states and non-cooperative jurisdictions (public country-by-country reporting). The duty will apply to companies belonging to a corporate group controlled by a company established in or outside the EU with a consolidated turnover exceeding EUR 750 million.
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26th July 2021 / Good governance / Legal Reform and Transparency


Billing foreign business trips for which allowances were paid: watch out for the pitfalls

Advances paid to employees who are being sent on foreign business trips must always conform to the Labor Code. At the same time, though, the company must account for travel allowances in accordance with the applicable accounting rules and internal policies.
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26th July 2021 / Good governance / Legal Reform and Transparency


Legal Update - July 2021

News in legislation  Amendment in respect of further computerization of public authorities’ procedures New occupational safety regulation concerning technical equipment operation   
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Members of the American Chamber of Commerce in the Czech Republic