The British Czech Chamber sent us the following:
Dear members and colleagues,
we are delighted to invite you to our next BCC Workshop – English for HR Professionals, which will take place at the Hotel Majestic Plaza, Štěpánská 33, Prague 1 on Thursday, 21th April from 9.00 a.m. – 5.00 p.m.
This workshop will be of interest to HR professionals:
· who do not use English on a daily basis; but
· who need to report to the senior leadership in English; and
· who wish to be able to describe and present effectively in English
The purpose of the training will be to:
· learn new vocabulary and phrases in most common HR areas
· learn how to describe and present their HR work and achievements effectively in English
Topics covered by the workshop include
· New Employees
· Recurring issues
· Employee departures
Speaker: Laura Gilber – CV here
Please note:Cancellation of confirmed participation can be made no later than Monday, 18 April at 5.00 p.m. No-shows will be invoiced after the event in full amount. We reserve the right to make changes to the programme due to unforeseen circumstances. By registering, you give your consent to our maintaining and processing your personal data, and using your electronic address for the purpose of disseminating business-related communications by the BCC and its sponsors.
BCC breakfast briefing – Leadership Energy and the Art of Action, Hotel Majestic Plaza, Štěpánská 33, Prague 1, 31.03.2011 REGISTER HERE
BCC GOLF ACADEMY 2011, GC CECHIE Prague 8 ,Karlin, 12.04.2011, REGISTER HERE
BCC Day at the Races, Races Course Velká Chuchle, Prestige Club, Radotínská 69, Prague 5., 17.04.2011 REGISTER HERE
Tel: +420 224 835 163 / Fax: +420 224 835 162
- BCC Invitation to workshop Ethics at Lunchtime, 24 March 2011, Prague (quoracy.com)
- Chamberwatch: Invitation to BCC British Day at the Races, 17 April 2011 (quoracy.com)
- A Summer Prague (huliganov.tv)
- British-Czech Chamber in Brno and Baker Tilly Czech Republic offer Breakfast Briefing on Czech Tax (quoracy.com)
2010 statutory filings of a company’s annual accounts with the company’s court of registration (“K RS”) and tax office – TGC Legal Alert
TGC Corporate Lawyers in Poland offer the following advice about annual filings of financial statements.
Dear Quoracy.com subscribers,
You may be aware that a Polish company’s management board is required to convene an annual general meeting of shareholders (“AGM”) within six months of the company’s financial year end. If your financial year ended on 31 December 2010, the deadline for submitting your Corporate Income Tax Declaration (CIT-8) with the tax office expires on 31 March 2011 and the deadline for holding your AGM is 30 June 2011.
1. AGM documentation
The documentation for the AGM includes:
- Financial statements;
- Directors’ report on the activities of the company for the financial year, which is subject to approval by the shareholders of the company;
- Supervisory board report (if applicable);
- Minutes of meeting of the management board;
- Minutes of meeting of the supervisory board (if applicable);
- Minutes of the AGM; and
- Application to the KRS for registration of the filing of the annual accounts of the company.
2. Audit requirements
Do you need an audit? The requirements to have an audit are as follows:
- Banks, insurance companies and joint stock companies (S.A.) are all required to have an annual audit.
- Limited liability companies (Sp. z o.o.) are required to have an audit for 2010 if they exceeded two or more of the following criteria at 31 December 2009:
- Annual average number of employees were 50 or more;
- Total assets at the end of the financial year were 2.5 million euro or more; and
- Net sales plus financial income for the financial year were 5 million euro or more.
If your company had an audit please remember that it is also obliged to publish its fianancial statements in “Monitor Polski B” gazette.
3. Notifying the Company’s court of registration
Within 15 days of holding the AGM, the company’s management board is obliged to file the annual accounts, the directors’ report and the AGM minutes with the KRS.
4. Notifying the relevant tax office
The AGM minutes will also have to be filed with the tax office handling the tax matters of the company within 10 days of holding the AGM.
5. Next steps
If you wish to receive any further information on this matter or a cost estimate or require any assistance in relation to your AGM please contact:
T: +48 22 653 3644
Head of Company Department
T: +48 22 653 3667
- Poland Wants to Grill Gitmo Detainees (abcnews.go.com)
- Using Financial Statements (cash-bandit.com)
- Different Types of Financial Statements in Accounting (brighthub.com)
- The China Market Has Gone Mad (fool.com)
In the second quarter of the year, the census, which happens about once in 10 years in Poland, will be carried out and will require questions to be answered by people who were in the country at 31st March 2011.
People will have to appear as under the address where they were physically at midnight on the close of this month of March.
For people who are in cars at that point in time, or in a train or public transport or walking in the street, the address will depend on where you were going, namely the next residential address you were going to.
If you weren’t going anywhere in particular, it will depend on where you last came from.
People should try to avoid being in more than one place at that particular time.
One can envisage possible embarrassments arising from this if people do not realise it is coming – imagine the census man arrives while you are at home with your family and asks where you were at midnight last night – and you are obliged to give a true answer. This could result in the breakdown of the family unit in Poland in some families‘ cases. This can all be avoided by planning ahead.
The excuse of being too drunk to know where one was at that time will also be obviated – as with a Papal visit or beatification, the shops in Poland will be forced by Government edict to stop serving liquor several days earlier. Police will also be out in force ensuring that people are either at an address or on their way to one, before quickly going home themselves at one minute to midnight, knowing that there will no crime that night as everyone is at home.
OK, I’ll admit the above is a tad facetious. However, there’s a real possibility that for some people the census could create risks or uncertainties relating to their residence status to crystallise. This is a final call to ensure that you’re properly “meldowany” and registered for taxes and residence or whatever else needs to be done so that the census doesn’t end up with the computer going “what’s all this, then?” when your form gets fed in.
For me, this will be a first time census, as I have managed to dodge them up till now simply by the fact of living in different countries where the censuses didn’t apply. So that means my family and I will be showing up in the world population statistics for the first time this Spring. If there’s a blip, that may be why…
- Census (virtuallinguist.typepad.com)
- Census Deadline – Have you Completed Yours? (femaleimagination.wordpress.com)
- Census 2011: tea-break glitch hits deadline day (telegraph.co.uk)
- Census: website that logs you off for taking a tea-break (telegraph.co.uk)
- UK census 2011 glitch: Thousands frozen out of system after leaving computers (dailymail.co.uk)
- Census ‘suffragette’ protest in Parliament! (bigbrotherwatch.org.uk)
- Census awkwardness (christhum.wordpress.com)
Chamberwatch: Corporate politics – politics at work Mar 31, 9-11.30am Four Seasons Hotel Prague , Veleslavínova 2A/1098, Prague 1
The Czech Amcham offers the following to its members, and no doubt there is also a rate available for non-members if you wish to register
Let me cordially remind you the upcoming AmCham panel discussion on:
Corporate politics – politics at work
Four Seasons Hotel Prague, Veleslavínova 2A/1098,
Prague 1, 9:00 – 11:30
People complain that “their organisations are too political”, or they hate the “politics at work”. Politics has therefore become a dirty word or term of abuse. But politics can be seen as a noble art (certainly thinking of its origins in Ancient Greece), and it is noble when practised wisely. That though is not the common perception. However those who complain are often those who are inept at it. They don’t recognise that politics are a necessary and healthy way of managing competing points of view and interests in order to get things done. Come to the panel discussion with questions and comments. Win as a wise politician.
Daniela Razimová of Home Credit
Weston Stacey of AmCham
Zdeněk Vilímek of Coca-Cola
Jan Valdinger of Change Partnership
Please confirm your attendance via lvrbova (if you are already registered please ignore R.S.V.P. details).
With kind regards,
Lucie Vrbova | Communication Manager
Download business climate overview Czech Republic 2010/2011.
Download ourYear-End Report 2010.
- A review of Duo – Prague, Czech Republic (travelpod.com)
- Hotel – Prague, Czech Republic (travelpod.com)
Baker Tilly International, the eighth largest accountancy network in the world, has just published its latest Global Report on its website:
On that page you will find other country guides and newsletters to help your business ventures around the world.
We applaud the spirit of openness and partnerliness that underlies this free sharing of valuable information.
- Canada Goose (wildplaceswildwords.com)
In most EU countries, the lower level of VAT applies to children’s clothing. In Poland, where the upper limit of VAT is 23% as of the beginning of 2011 and the lower is 8%, the latter only applies to babies’ clothing. (So-called “odziez niemowlecia” rather than “odziez dziecieca”)
The question then is at what age the cut-off should take place, and the answer given by the Polish Ministry of Finance is 86cm. So if you have a piece of clothing for a body length greater than 86cm, that’s no longer a baby and the price is a lot higher.
But the issue here, which is really an issue of equality and human rights, is that some people are simply built smaller than others. Is it right that these people should pay less and the larger people’s children should pay more? It’s true that there has been talk of charging obese passengers who cannot fit in their airplane seats punitive additional airfares, but innocent babes?
The ruling is even inherently racist – it is clear that some people, like the Masai people, have longer bodies whereas the Hottentots have shorter bodies. It’s perfectly feasible that the Hottentots could be benefitting from lower Polish VAT rates on their children’s clothing much longer than the Masai people can. Is that fair? Is that what we have achieved in this wonderful European Union – fiscal racial discrimination?
We do not have any choice as to whether or not we wear clothing, and we do not get any choice as to whether we are tall or short genetically. The time has come for all EU countries to make cotton and natural fibre garments 8% regardless of age, and synthetic fibre garments and mixes 23% regardless of age.
Please add your voice to the poll:
- European court sausage ruling poses VAT question (telegraph.co.uk)
- VAT rise: How to avoid paying too much tax (confused.com)
The British Czech Chamber has publicised the following event:
from 1.00 pm- 6.00 pm at the Races Course Velká Chuchle, Prestige Club, Radotínská 69, Prague 5.
Day at the Races
This is a day for families so bring your kids!
Free parking for BCC
Members fee: Adults 500 CZK+ VAT / Children 5 -10 years old 250 CZK + VAT / Children 0 – 4 years old free of charge
Non – Members fee: Adults 750 CZK+ VAT / Children 5 – 10 years old 350 CZK + VAT / Children 0 – 4 years old free of charge
Please note: Cancellation of confirmed participation can be made no later than Wednesday, 10 April at 5.00 p.m. No-shows will be invoiced after the event in full amount. We reserve the right to make changes to the programme due to unforeseen circumstances. By registering, you give your consent to our maintaining and processing your personal data, and using your electronic address for the purpose of disseminating business-related communications by the BCC and its sponsors. If you do not wish to receive BCC emails, please write to assistant
Tel: +420 224 835 163 / Fax: +420 224 835 162
- Chamberwatch: Poland 2011-2012 the short- and medium term perspectives and opportunities, 17 March, Warsaw (quoracy.com)
- Budgeting for business red tape (premierlinedirect.co.uk)
Another Romanian Tax Update from our Klitou friends…
Dear Quoracy.com subscribers,
Please find enclosed Baker Tilly Klitou Tax Alert for the period of February 2011 in English and Romanian language.
The purpose of this Tax Monthly is to inform you about the latest tax legislation changes that could have a major impact on your company’s activity.
In case you deem additional information or comments are necessary please do not hesitate to contact us.
If you do not wish to receive further news updates, please let us know or unsubscribe by clicking the link below, at the end of this e-mail.
Senior Tax Consultant
52, Splaiul Independentei,