Crowe news May 2020

Crowe news

Crowe news 05/2020

In the May issue we are sharing insights from the field of taxation, law, accounting and business.
Andrea Kleinová

State after the end of the emergency state

The rules are loosening, life is gradually getting back to normal, borders are opening up and the economy…needs a helping hand to fire up. Number of measures to mitigate the effects of the crisis was introduced exactly due to this reason, already during March and April. And even if the state of emergency is over, they are needed. Please find in the article summary of those which were introduced in the last days and weeks.

Andrea Kleinová
Andrea Kleinová
Senior Tax Advisor
Crowe
Jana Střelická

Support for partners of small limited liability companies

After the compensation bonus for self-employed persons within program “25” also the compensation bonus for partners in limited liability companies is introduced. This is a direct financial support in the amount of CZK 500/day and is valid for the period between 12 March and 8 June 2020. In total the applicant can receive the support in the maximum amount of CZK 44,500.

Jana Střelická
Jana Střelická
Senior Tax Advisor
Crowe
Martin Svoboda

Salary increase for EU Blue Card holders

As of May 1st, 2020, the Ministry of Labor and Social Affairs published an increase in the average salary in the Czech Republic for the purposes of setting the minimum wage for EU Blue Card holders. The Blue Card entitles third-country nationals to stay and work in the Czech Republic. 

Martin Svoboda
Martin Svoboda
Payroll Development Specialist
Contract Administration