A new amendment to Act No. 235/2004 Coll. on value added tax will come into effect as of 1 April 2019.
On 1 January 2019, based on a deputies’ proposal, an amendment to the Income Taxes Act came into effect altering the base for the tax on wages and salaries - "supergross salary", in the event an employee participates in a foreign social security system.
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally and sometimes involves transferring employees and assets from one firm to another.
By the legally binding and effective wording of the Labour Code 311/2001 Coll. as later amended, employer is not allowed to require confidentiality about the salary and other work conditions from its employees. Employees are free to discuss their work conditions (salary, working time, benefits, vacation, notice period and other) and this right may not be suppressed by any agreement between employer and employee.
ASB Group has launched a partnership with the Global Payroll Association
ASB Group was involved in advising REDSIDE, a fund management company, in the sale of Avenir E, a grade A office building located in the established office hub of Nove Butovice in Prague 5. The building was acquired by the investment company Investika. ASB Group provided transaction services to REDSIDE on the sell side.
ASB Poland IT team has created a unique IT tool for verifying VAT numbers of both Polish and foreign contractors. VAT ID Validator quickly carries out the verification and generates VAT status confirmations, so you can confirm the status of the contractor at any time.
ASB Group strengthens the management team and appoints Petr Kopecký as the Head of Czech Payroll Team. In his new role he will lead and supervise the Czech Payroll Team. Petr will be responsible for the day-to-day operations of our comprehensive payroll and HR support department for local and global companies from diverse industries.
The limits pertaining to the option of exercising lump-sum expenditures for self-emloyed tax payers will once again be increased as of the effectiveness of the tax package, which is expected in the first half of 2019.