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Czech Republic Providing Increased Deduction for Donations to Ukraine

17 May 2022

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Approved Changes

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Czech Republic

On 11 May 2022, the Czech parliament approved a law allowing both individuals and companies to deduct donations made to Ukraine, Ukrainian organizations, and Ukrainian residents in the context of the invasion by Russia, subject to an increased deduction cap equal to 30% of the tax base. For individuals, the law applies for the 2022 tax year (calendar year), and for companies it applies for tax periods ending between 1 March 2022 and 28 February 2023.