The validity of the Payment Agreement between SR and CR and the Protocol on payment settlements expires on 30 September 1995.
Practically, the above expiration includes a change of constant symbol in connection to bank payments to the Czech Republic.
The Governments of the Czech and Slovak Republics are preparing an agreement in order to simplify payments between individuals who are not entrepreneurs (pensions, alimony).
It is expected that the Ministry of Finance will issue methodical instructions detailing how the expiration of the Payment Agreement will be managed.
The information is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
Please address any questions to:
Tax and business advisory services: Ruth Clamp
Audit and accounting services: Santiago Pardo, Arthur Andersen Czech Republic, tel +42 7 5340 545, or enter text search 'Arthur Andersen' and 'Business Monitor'.
Practically, the above expiration includes a change of constant symbol in connection to bank payments to the Czech Republic.
The Governments of the Czech and Slovak Republics are preparing an agreement in order to simplify payments between individuals who are not entrepreneurs (pensions, alimony).
It is expected that the Ministry of Finance will issue methodical instructions detailing how the expiration of the Payment Agreement will be managed.
The information is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
Please address any questions to:
Tax and business advisory services: Ruth Clamp
Audit and accounting services: Santiago Pardo, Arthur Andersen Czech Republic, tel +42 7 5340 545, or enter text search 'Arthur Andersen' and 'Business Monitor'.
