Czech Laws by AI
Documents and Laws in Parliament
Document 107 - Amendment to the Act on the Conditions of Doing Business in the Field of Tourism
Document 119 - Amendment to the Act on Supplementary Pension Savings - RJ
Scope: Part One–Part Three; § 28a–§ 191a; pages 1–5.
The Act expands the option of a one-time settlement for supplementary pension savings and, similarly, for supplementary pension insurance for certain participants with older contracts who have not yet met the standard conditions for payment. At the same time, it introduces transitional rules to ensure that affected participants do not lose their state contributions or their funds if their savings accounts were terminated in the interim period before the Act took effect. Due to this change, the tax regime is being amended in the Income Tax Act; the requirement to reach the age of 60 and the tax exemption for certain payments are now explicitly addressed. The result is easier access for some participants to a lump-sum payment and the elimination of the unfavorable tax and administrative impacts of the previous system.