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

29th March 2021 / Good governance / Legal Reform and Transparency

New rules for the electronic filing of tax returns in the Czech Republic

An amendment to the General Fiscal Code extends the deadline for filing one’s tax return in case the taxpayers file their tax return electronically.

25th March 2021 / Good governance / Legal Reform and Transparency

Register of beneficial owners – back in a new form

As you are probably aware, on 1 June 2021, the new Act on the Registration of Beneficial Owners, No. 37/2021 Coll., implementing the Fifth Anti-Money Laundering Directive (EU) 2018/843 of 30 May 2018, will come into force. This new act (replacing the existing legislation) is designed to “again” increase the transparency of legal entities and to help resolve and clarify the relationships between and the structure of legal entities recorded in the commercial register. The change was made because the existing legislation was insufficient in this regard.

23rd March 2021 / Good governance / Legal Reform and Transparency

Revamped rules for crowdfunding in the Czech Republic

On 10 November 2021, new rules for crowdfunding will come into force. However, these rules will not affect consumer financing (as represented e.g. by the zonky.cz project: people lending to people), but strictly to entrepreneurs and SMEs and loans in amounts of up to EUR 5 million.