OrbitaxIncome Taxes Act amended to facilitate cross-border mergers
|Approved Changes|Czech Republic
From 1 July 2008, the Income Taxes Act will be amended to facilitate cross-border mergers of limited liability companies, in connection with the implementation of Directive 2005/56/EC on cross-border mergers of limited liability companies.
The most important changes include:
- provisions on depreciation of long-term assets, to ensure an equal tax treatment of cross-border an…
