Briefly on the new Accounting Act
On 1 November 2024, the Ministry of Finance of the Czech Republic published the 4th version of the proposal of the new Accounting Act on its website. In addition to the previously announced changes, it also con…
The CZK 40 million limit for the exemption of income from the sale of shares and securities will apply from 1 January 2025
Until 31 December 2024, the income of natural persons from the sale of securities and shares in business corporations is fully exempt from the personal income tax if the “time test” is met, i.e. 3 years for sec…
VAT news [November 2024]
The amendment to the VAT Act has advanced from the Chamber of Deputies to the Senate. A coordination committee of the General Financial Directorate (GFD) and the Chamber of Tax Advisers of the Czech Republic (K…
Get support to build affordable rental housing
The State Investment Support Fund has started accepting applications for financial support under the Affordable Rental Housing grant and loan programme. This programme allows to obtain funds of up to CZK 250 mi…
End of duty stamps in the Czech Republic
Starting from 1 January 2025, the Czech Republic will undergo a significant change that will affect the way citizens and legal entities pay fees at various authorities. After more than 100 years, duty stamps, w…
What is new in the customs tariff for 2025
On 31 October 2024, the EU customs tariff for 2025 was published (effective from 1 January 2025). The updated tariff introduces new customs codes for selected goods or changes the scope of existing codes. Altho…
The National Council of the Slovak Republic adopted changes to corporate taxation
On 3 October 2024, the National Council of the Slovak Republic adopted draft acts which aim to contribute to the long-term stabilisation and sustainability of public funds. The adopted acts introduced a new tax…
Proposal to introduce an optional deferred tax regime for ESOP income
On 24 October 2024, a further amendment to the Income Tax Act (ITA) relating to the taxation of income from Employee Stock Ownership Plans (ESOPs) was submitted to the Chamber of Deputies by Amendment No. 5239 …
Expected shifts in the effectiveness of the new Accounting Act and the accompanying law
For some time now, we have been informing you about the preparations for the new Accounting Act and the related accompanying legislation, which, among other things, significantly amends the Income Tax Act. All …