Proposed changes to consolidation package
The governing coalition has agreed on amendments to the bill on the consolidation of public budgets (consolidation package with planned effect from 1 January 2024). The bill has already passed its first reading in the chamber of deputies. Below, we…
Transfer price checks also in personal income tax inspections
Transfer prices between related parties remain a priority of tax administrators’ inspection activities. As much as the general public believes that this only concerns corporate entities…
Financial administration’s report for 2017: revenues have grown, mostly from VAT
In July, the Czech financial administration published a report on its activity for 2017: revenues have grown for both direct and indirect taxes. The main cause is the Czech economy’s…
Taxation of listed investment funds is changing
In mid-June, the Chamber of Deputies passed a draft amendment to the Income Tax Act that alters the definition of a basic…
Changes to 2019 tax package: corporate income tax
The proposed amendment to the Income Tax Act has passed through external comments and is now available in the government’s…
Changes to Income Tax Act in 2019
Taxpayers are up for major changes starting from 2019. At least according to the first draft of the amendment to the Income …
Will some investment funds lose their tax advantage?
In December, the Senate submitted to the Chamber of Deputies its own draft amendment to the Income Tax Act designed to narrow…