On 14 July 2023, the Ministry of Finance of the Czech Republic released a statement indicating that the Chamber of Deputies, the lower house of parliament, has given its initial approval to the government’s recovery package. The package, which includes significant measures, such as raising the corporate income tax rate from 19% to 21% and consolidating the reduced rates of VAT (10% and 15%) into a single reduced rate of 12%, while maintaining the standard rate at 21%, has been endorsed in its first reading. The recovery package is set to undergo a second and third reading within the Chamber of Deputies, followed by a requirement for approval from the Senate. The next stage, the second reading, is scheduled for 5 September 2023.
Related Posts
Czech Republic updates non-cooperative jurisdictions list for CFC rules, adds Vietnam
March 27, 2026
The Czech Republic has published Financial Bulletin No. 5/2026 on 20 March 2026, which includes an updated list of jurisdictions classified as non-cooperative for tax purposes, aligning its domestic rules with the latest decisions of the Council of
Read More
Japan, Czech Republic agree on new income tax treaty
March 16, 2026
Japan's Ministry of Foreign Affairs announced on 13 March 2026 that officials from Japan and the Czech Republic have successfully concluded negotiations and agreed in principle on a new income tax treaty. The agreement was initialled by both parties
Read MoreCzech Republic consults electronic sales recording reinstatement, tax measures for hospitality sector
February 20, 2026
The Czech Ministry of Finance has submitted a draft law for consultation that would introduce an updated electronic sales recording system (EET 2.0)Â from 1 January 2027. Drawing on experience from the previous system and reflecting advances in
Read MoreCzech Republic: Council of Ministers considers DAC8 crypto-asset, DAC9 GloBE reporting rules
February 06, 2026
The Czech Republic Chamber of Deputies (lower house) is reviewing a draft law, submitted on 5 February 2025, aimed at implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226) and the Amending
Read MoreCzech Republic: Government sends DAC8, DAC9 transposition bill to parliament
February 05, 2026
The Czech Republic’s government submitted a draft bill to parliament for review on 5 February 2026, which it approved on 2 February 2026. The bill transposes the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8,
Read MoreCzech Republic, Mauritius conclude tax treaty talks
January 20, 2026
Officials from the Czech Republic and Mauritius finalised negotiations by initialling an income tax treaty on 16 January 2026, This agreement aims to prevent double taxation and reduce the risk of tax evasion. It will take effect only after it
Read More