Following the approval by the Lower Chamber of the parliament, on 6 June 2007,  the Senate decided not to discuss the amendment to the Investment Incentives Act and Income Tax Act, which seeks to ensure the compliance of the Czech regulations on investment incentives with the Guidelines for National Regional Aid 2007-2013 (2006/C 54/08) and Commission Regulation (EC) No. 1628/2006. Thus, to become law, the bill must be signed by the president and will generally be effective from the date of publication (subject to a grandfathering rule). Under the final bill, the income tax relief may be utilized by the...