When presenting both acts, Minister of Finance Alena Schillerová stated that she had met in February with representatives of all major associations (the Chamber of Tax Advisors, the Chamber of Commerce, the Chamber of Auditors, the Accounting Chamber, etc.), and that none of them raised any objections to the wording of the new Accounting Act.

In contrast, representatives of the professional community were less satisfied with the accompanying act (now the amending act) and submitted numerous objections. The amending act to the new Accounting Act contains terminological changes in almost 150 related laws, and the most significant substantive or conceptual changes concern primarily the Income Tax Act and the Property Valuation Act.

The Minister of Finance listed the following among the key objections of professionals to the amending act:

• ambiguities related to the concept of tax value,
• clarification of transitional provisions,
• the need to clarify the treatment of business assets,
• the need to clarify the new concept of leasing, investments, and improvements to third‑party assets.

The meeting participants agreed that experts from the Ministry of Finance and the General Financial Directorate, as well as other external specialists, would prepare a comprehensive amendment to the amending act, specifically to the Income Tax Act.

The Minister of Finance proposed extending the standard deadline for deliberation in the committees of the Chamber of Deputies by 60 days, giving deputies a total of 120 days to consider the drafts. The Minister also proposed organising a roundtable with experts from across the country.

We can therefore expect the vote on the second reading no sooner than mid-July 2026.

The changes introduced by the draft of the new Accounting Act were discussed in our article New Accounting Act is in the Chamber of Deputies. What changes will it bring?