According to recent reports, the Czech government has submitted a number of amendments to the country's tax laws to parliament, including the abolition of certain previously proposed amendments. The main changes related to corporate income tax include: Transfer pricing rules will not apply to interest-free or low rate loans below the arm's length interest rate when the lender is a non-resident Basic investment funds will be defined for income tax purposes and will continue to benefit from the 5% corporation income tax rate for investment funds - basic investment funds will include: Funds qualifying as a mutual fund under the...