Kategorie: Compliance
Amendment to the Accounting Act: changes in entities subject to mandatory non-financial reporting
The European Union has long sought to increase business transparency and place greater emphasis on sustainability. With the adoption of the Non-Financial Reporting Directive (hereinafter the “CSRD”), the obligation to report non-financial information has been significantly expanded. The Czech Republic is now implementing the CSRD through an amendment to the Accounting Act, which, in addition …
Read moreWhat will the uniform monthly employers’ report bring?
In the area of labour law and payroll administration, one of the most important administrative obligations for employers is the regular reporting of data on employees and their wages to a wide range of institutions. Under the current system, employers must submit more than twenty reports and forms at various deadlines each month to institutions …
Read moreNew Cybersecurity Act: personal liability for management and tough penalties starting in November!
On 4 August 2025, the new Cybersecurity Act (CSA) was published in the Collection of Laws, which implements the European NIS2 Directive into the Czech law. The new rules will take effect on 1 November 2025. The CSA significantly expands the range of entities covered by the regulation – it will now apply to many …
Read moreThe second wave of obligations under the AI Act is coming
The implementation of Regulation (EU) 2024/1689 (the AI Act) is entering its next phase. As of 2 August 2025, the second wave of obligations under the EU’s artificial intelligence (AI) regulation will take effect. This phase will significantly impact technology companies, AI system providers, regulatory authorities, and Member States. We already covered the first wave of …
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