The government proposal for a comprehensive amendment to the Act on Accounting is headed to the Chamber of Deputies. Its goal is to implement the EU’s Corporate Sustainability Reporting Directive into the Czech legal system. This legislative change, which is scheduled to take full effect on 1 January 2027, represents a major change for the corporate clients as it is expected to significantly expand companies’ disclosure obligations in the area of non-financial reporting. … Continue reading Draft Amendment to the Act on Accounting and New Rules for ESG reporting