Major Income Tax Act amendment to reshape the rules on assets, depreciation, leasing and more
A comprehensive amendment to the Income Tax Act is being prepared alongside the new Accounting Act. The changes go well beyond terminology. In response to changes in accounting…
Childcare and student tax credits reinstated; employee benefits revised
The Chamber of Deputies upheld its version of the bill on the electronic sales reporting (EET), thereby rejecting the Senate’s amending proposals. The President signed the act on 17 September 2026. In addition to introducing the new electronic sales…
Exemption of income from sale of real estate: Coordination Committee clarifies the rules
Property abroad, multiple properties and repeated tax exemptions: the Coordination Committee has provided important clarification of the rules governing the use of proceeds from the sale…
Accounting bill and related tax changes awaiting discussion by new deputies
The outgoing government approved a new accounting bill and its accompanying law, with proposed effectiveness from 2028. It will now depend on how the new chamber of deputies approaches the proposed legislation: if the deputies decide to pass it, all…
SAC: application of double tax treaty to sale of domestic real estate business share
The Supreme Administrative Court (SAC) ruled that a Cypriot company’s income from the sale of a business share in a Czech company whose value consisted in more than 90 percent of real estate is subject to
SAC: tax treatment of non-deductible expenses does not change by including them in transfer price calculation
The Supreme Administrative Court (SAC) has recently addressed again the tax deductibility of expenses, in particular dealing with a section of the Income
Extension of loan interest deduction: new tax relief for cooperative housing
The Senate of the Czech Republic approved a bill extending the possibility to deduct interest from the personal income tax base: apart from interest on mortgage loans, it will also be…
Single monthly employer reporting and related changes to income tax
In the beginning of March 2025, the government approved a bill on single monthly employer reporting (in Czech Jednotné měsíční hlášení zaměstnavatelů or JMHZ), which the Ministry of Labour and Social Affairs wants to launch from 2026. It should…