Czech Republic: Reminder of deadline to register beneficial owners

19 December 2018

Entities recorded in Czech public registers must register their beneficial owners in a new register maintained by the registration courts. The rules establish a one-year time limit for such registration, effective January 2018.

As the deadline approaches, there are indications that a lot of information in the register of beneficial owners is still missing.

The beneficial owner is generally understood to be an individual who, directly or indirectly, exercises decisive influence over the management of a legal entity. Czech law imposes a duty on all legal entities to know their beneficial owners and, on certain entities, to register the beneficial owners in a new register.


Read a December 2018 report prepared by the KPMG member firm in the Czech Republic


The information contained in TaxNewsFlash is not intended to be "written advice concerning one or more Federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230, as the content of this document is issued for general informational purposes only, is intended to enhance the reader’s knowledge on the matters addressed therein, and is not intended to be applied to any specific reader’s particular set of facts. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Applicability of the information to specific situations should be determined through consultation with your tax adviser.
KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.
Direct comments, including requests for subscriptions, to Washington National Tax. For more information, contact KPMG’s Federal Tax Legislative and Regulatory Services Group at + 1 202.533.4366, 1801 K Street NW, Washington, DC 20006-1301.
To unsubscribe from TaxNewsFlash-United States, reply to Washington National Tax.
Privacy | Legal