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Tour operators will now make a lower contribution to the guarantee fund of tour operators from 2020 onwards. Pursuant to the new regulation No. 246/2019 Coll. of the Ministry of Regional Development, from 1 January 2020 the annual contribution of the tour operator to the guarantee fund will be 0.05% of the basis for calculating the annual contribution. This is a 50% reduction of the contribution to the guarantee fund.
The basis for the calculation of the annual contribution for 2020 are the annual planned sales of the tour operators for 2020, from the sale of package tours and related travel services. If the projected sales for 2020 are lower than the previous year, the basis for calculating the annual contribution will be the annual sales of the previous year. The contribution is always paid out based on the higher of the two amounts.
The annual contribution for 2020 is due by 31 December 2019.
The contribution is paid by the tour operators directly into the account of the Guarantee Fund for the payments of contribution.
- Account by the Czech National Bank: 340005-9527001/0710
- Payment with variable symbol: Tour operator ID
The contribution should be recorded in the tour operator´s books as: “Other operating expenses”.
Please note that the repealed Act No. 159/1999 Coll. set the maximum amount of the annual contribution of tour operators to the guarantee fund at 0.1% of the basis for calculating the annual contribution to the guarantee fund. The specific amount of the annual contribution is set every year by a regulation of the Ministry of Regional Development. If the Ministry does not issue a regulation, the amount of the contribution for the previous year will apply to the following year.
The guarantee fund of tour operators is used to satisfy customers´ claims in case of bankruptcy of a tour operator, if the insurance coverage would not be sufficient to cover all claims of the customers against the bankrupt tour operator in full. This would be the situation when a tour operator is under-insured.
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Stewarts
'No one has done as much for me as you,' Eva said.
Stewarts
"A visit to her daughter in London turned Eva's life upside down when she says she stepped into a crossing on a green light but was hit by a car. Despite her remarkable bravery, she faced a long treatment due to fractures in her pelvis, and the associated limitations and pain are likely to persist for the rest of her life. Regular headaches and impaired concentration compound her challenges.
Eva contacted us through an organization temporarily helping her manage her difficult living situation. At that time, she was destitute, relying only on subsistence payments. We were able to assist her because we specialize in personal injury and have contacts with proven colleagues abroad.
We worked with Stewarts, a UK law firm, on this case. Attorneys Klára Dvořáková and Rebecca Huxford helped Eva with the documentation in her case, explaining her options and the differences between the Czech and British systems of healthcare and social benefits reimbursement. Within a few months, thanks to the professional cooperation between the two offices, an offer of compensation from the insurance company of approximately CZK seven million was achieved. The client accepted this settlement because she did not want to deal with courts in the United Kingdom.
Subsequently, we assisted the client with related tax issues and contacted Auditone, a tax consultancy firm, which arranged for the filing of a tax return. Compensation for lost income is taxable, unlike most personal injury compensation.
'No one has done as much for me as you,' Eva said.
The fact that we were able to help Eva gives our work meaning and brings us great joy. We are very happy that, thanks to our many years of active involvement in the international professional organization PEOPIL, we can cooperate on such cases."
Livingstone, Tour Operator
Thank you again for your valuable advice. I breathe better when I know who to turn to.
Livingstone, Tour Operator
"Thank you again for your valuable advice. I breathe better when I know who to turn to."
Anders Thorsen Advokatanpartsselskab
It has been an absolute pleasure to work with you.
Anders Thorsen Advokatanpartsselskab
"It has been an absolute pleasure to work with you and your colleagues. Your advice and way of handling the matter and our communication has been of the highest quality and we are very happy with the outcome.
If any of my clients need assistance in matters in the Czech Republic in the future, I know who to recommend."