On 16 June 2020, the Czech parliament approved a package of tax measures aimed at mitigating the adverse economic effects of the COVID-19 pandemic. The two main measures of the package include the following: Companies and individual entrepreneurs are allowed carry back losses up to two years from 2020, which is capped at CZK 30 million; and The 10% reduced VAT rate is extended to accommodation services, admission to cultural events and sporting events, admission to sports grounds (including lift tickets), and admission to saunas and other similar facilities. Further to the above, a temporary waiver of social security contributions...