On 21 June 2007, the Ministry of Finance issued a notification regarding the tax treatment of spin-offs (rozdeleni odstepenim), a new form of reorganization under the Commercial Code. As previously reported), the Income Taxes Act (ITA) currently does not contain provisions to ensure, in line with the Merger Directive 90/434/EE., the tax neutrality of spin-offs. The Ministry has prepared an amendment to this effect, which is currently being discussed in the lower chamber of the parliament. The Ministry informed that, following its discussions with the Chamber of Tax Advisers, it instructed the local tax authorities to apply, by analogy, the...