Czech Senate accepts amendments to Income Tax Law

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The Czech Senate recently approved a special law measure to amend the Income Tax Law. For this amendment to be enacted, it needs to be rectifies by a new Chamber of Deputies.


Sunnyvale, CA 94085, U.S, December 2, 2013 - (PressReleasePoint) - The Czech Senate recently approved a special law measure to amend the Income Tax Law. For this amendment to be enacted, it needs to be rectifies by a new Chamber of Deputies. There is also a proposal for a complete overhaul of civil and company laws making structuring more flexible.

The changes proposed under the amendment include:

  •   Research and Development (R&D) incentives: Expanded types of costs that qualify for R&D credits and increase in R&D credits on costs by 10% to bring the new deduction limit to 210%.
  •   Gift tax: Increase in the allowance for certain gifts with an increase in the deductibility from 5% to 10% of the tax base.
  •   Individuals’ income from securities: Any gains from the sale of securities would be given exemption in the situation where the holding period is more than three years, increased from current six month holding period (subject to certain conditions).
  •   Corporate income tax: Previously proposed changes pertaining to the corporate tax rate and dividend withholding tax related rules for investment funds have been disapproved.


Companies operating in the Czech Republic should monitor and familiarize themselves with the above amendments and be prepared to take action should the law be passed by the Chamber of Deputies. To avoid possible legal actions, companies may consider consulting industry and regional tax experts.

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