After 1 July 2021, the obligation to pay VAT will apply to each consignment of goods ordered by a natural person from third countries, and the obligation to file a customs declaration will apply.

Experience shows that a large number of companies only use one form of public support, whether these are subsidies or investment incentives, or an R&D tax-deductible item. In fact, these companies are often entitled to using several forms of support at the same time, combining them in an efficient manner and thus maximizing the benefits. Combining various forms of support, however, involves certain rules that need to be observed.

The decline in car production indicates a slight month-on-month decline in industrial production in May. In the same month, on the other hand, due to the easing of epidemic measures, we expect an accelerated expansion of retail sales. In the case of consumer prices in June, we expect an acceleration in month-on-month growth after an unexpectedly small increase in May. However, the effect of last year's higher base effect should lead to a further decline in the annual inflation rate slightly below the CNB forecast. Such a development should not discourage the intention to continue raising interest rates.

• Amendment to Act No. 358/1992 Coll., On Notaries and Their Activities (Notarial Code)
• Digitization of notary activities