On 10 September 2025, the Chamber of Deputies discussed amendments to Parliamentary Document No. 926 (laws related to the government's bill on the Uniform Monthly Employer's Report), which were proposed by the Senate as part of the legislative process. One of the most important proposals of the Senate is the abolition of the limit of CZK 40 million for the exemption of income from the sale of securities and shares in the case of individuals, if these securities or shares have met the relevant time tests and are not included in the taxpayer's business assets.
In practice, this means that, under certain conditions, income from the sale of securities and shares actually received from 1 January 2026 by individuals will be exempt from tax without any limit. The current limit for income exemption of CZK 40 million will thus remain only for income from the sale of crypto-assets. Crucially, no transitional provisions have been adopted for this change. This means that the exempt income from the sale of securities and shares exceeding CZK 40 million. CZK that individuals will receive in 2025 will continue to be subject to the current limit and taxation according to the applicable legislation.
Other approved changes pushed through by the Senate include:
The definition of employee benefit will retain the condition that these are non-monetary benefits “that are not wages, salaries, remuneration or compensation for lost income”. However, part of the text “nor any other remuneration related to the performance of work” has been deleted – this wording could limit the provision of benefits that generally have a certain link to the performance of work.
Own definition of a low-emission vehicle has been inserted into the Income Taxes Act, thus avoiding dependence on the EU Directive, the terminological change of which could lead to the end of the tax advantage for low-emission vehicles from 2025.
Read also our previous article, in which we summarized the current progress of amendments to laws in the field of taxes and accounting.
The amended text of the law will now be forwarded to the president for signature. For a law to become valid and effective, it must still be published in the Collection of Laws.
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