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Spotlight issue

30th June 2020 / Good governance / Employment and Social Affairs


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.

30th June 2020 / Good governance / Employment and Social Affairs


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.

30th June 2020 / Good governance / Employment and Social Affairs


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.

30th June 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Profit margins decline, households increase savings

As a result of the coronavirus pandemic, the Czech economy contracted 3.4% qoq in the first quarter, i.e. one-tenth more than originally expected. In a year-on-year comparison, the result did not change and the economy fell 2%. Fixed investment followed by household consumption contributed most to the qoq decline. The quarter-on-quarter decline in the dynamic was only partially offset by higher government consumption and higher net exports.

30th June 2020 / Good governance / Business and Industry


Legal Alert - Call for applications regarding COVID – Rent program

  • Applying for support
  • Basic parameters and terms
  • Procedure for provision of support
  • Follow-up inspections and detec-tion of violations of the rules

Strategic Directions for Czech Economic Policy

  1. Transition to High-Tech Manufacturing and Exports
  2. The City Campus as Idea Factory
  3. Government Programs and Processes That Drive Innovation
  4. Government as a Competitive Advantage, including Digitization

Advocacy Priorities for 2023 
 
Technology, People, Infrastructure

 

Actions Recommended in Areas:

1. Establishing Policy Objectives for Research.

2. Research Investment and Cooperation. Big Bets (Key Technology Projects).

3. Establishing Databases for Tracking Public Policy Outcomes.

4. Public Procurement as an Innovation Tool.

5. Immigration of STEM Talents.

6. Digitization of Immigration. 

7. Adult Reskilling and Upskilling.

8. Digitization of Land Use.

9. Infrastructure Development, including Technology Parks.

 

 

Read the documents in English and Czech.

Policy pipeline

In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.

Members of the American Chamber of Commerce in the Czech Republic