An amendment to the Penalty Code, which will be effective from 1 January 1998 was approved by the Lower House of the Parliament. A deliberate default in respect of taxes and social security may be punished by three years of prison, and even eight years in special cases.
For example, the amendment defines a criminal act as a contravening of duties in the case of bankruptcy proceedings, or deliberate contravening of law during the operation of business by persons in relationship to an enterprise.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to [email protected]
You may also wish to read through related material on the Czech Republic provided by Arthur Andersen. You can view the entire archive via the Internet on Business Monitor Online (http://www.businessmonitor.co.uk), or via your online provider by entering "Arthur Andersen" and "Business Monitor" as a free text search.
For example, the amendment defines a criminal act as a contravening of duties in the case of bankruptcy proceedings, or deliberate contravening of law during the operation of business by persons in relationship to an enterprise.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to [email protected]
You may also wish to read through related material on the Czech Republic provided by Arthur Andersen. You can view the entire archive via the Internet on Business Monitor Online (http://www.businessmonitor.co.uk), or via your online provider by entering "Arthur Andersen" and "Business Monitor" as a free text search.
