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Windfall tax proposal published
We keep you informed of developments regarding the possible introduction of a special tax on "windfall" profits - the so-called windfall tax.
On Friday, 21 October 2022, a proposed amendment aimed at introducing the windfall tax was officially published.
Private Rented Sector Booms in CEE
- Report shows that investment in the private rented sector (PRS) has increased year-on-year with EUR 130 million invested into the sector across CEE countries in the first half of 2022
- Housing affordability deteriorated significantly in parts of Central Europe reinforcing the growth of this new asset class.
- Across the CEE region, legislation gives PRS investors the edge for further development of PRS projects.
Legal Alert | Further changes to the beneficial owner registration rules
On 1 October 2022 an amendment to the Act on the Registration of Beneficial Owners came into effect, which again changes the existing legal regulation of beneficial owners. The amendment no longer distinguishes between the ultimate beneficiary and the person with ultimate influence and extends the scope of obliged entities.
Upcoming legislative changes to agreements outside employment contracts
The Ministry of Labour and Social Affairs has submitted a long-awaited bill to amend the Labour Code, which is to implement two EU directives in Czech law. Among other things, the new regulation will affect the working conditions of employees working under agreements to complete a job or to perform work. Employers should be on the alert, as the amendment brings major changes.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- 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.
