The Czech Ministry of Finance has issued a release announcing that the Chamber of Deputies (lower house of parliament) approved the government's recovery package in its first reading on 14 July 2023. As previously reported, the package contains some important measures such as an increase in the corporate income tax rate from 19% to 21% and the merger of the 10% and 15% reduced rates of VAT into a single reduced rate of 12%, with the standard rate maintained at 21%. The recovery package is subject to a second and third reading in the Chamber of Deputies, after which it...