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Minister of Finance presents direct tax reform plans

27 April 2011

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Proposed Changes

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Czech Republic

On its website, the Ministry of Finance recently published a presentation given by the Minister of Finance on 18 March 2011 concerning his direct tax reform plans, to be implemented from 1 January 2013. The Ministry of Finance intends to prepare and submit to the Government the amendments to the relevant tax laws by 30 June 2011. The reform intends to introduce a one-stop-shop for all taxes, customs duties, and social security and health insurance contributions, and is supplemented by a recent reform in the area of tax administration (see TNS:2010-12-20:CZ-1). The main proposed changes are summarized below. Corporate income...