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Bill amending tax laws in connection with re-codification of private law – submitted to parliament

27 June 2013

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Proposed Changes

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Czech Republic

On 15 May 2013, the lower chamber of the parliament approved in the first reading a Bill introducing important changes to tax laws, in connection with the re-codification of private law. To become law, the Bill must be approved by both chambers of the parliament and signed into law by the president. The Bill would generally apply from 1 January 2014. The main changes are summarized below. Corporate income tax -   Dividends and other profit distributions derived by resident companies from other resident companies, as well as companies from other EU Member States, Norway, Iceland and Switzerland, would always...