An amendment to the Law on International Cooperation in the Administration of Taxes or a Bill was published on September 20, 2017 in the Official Gazette. It introduces country-by country (CbC) reports and generally applies from September 20, 2017. It was adopted by the Senate on August 16, 2017. It harmonizes Czech legislation with the provisions of Council Directive (EU) 2016/881 of May 25, 2016 on the mandatory automatic exchange of CbC reports.
Related Posts
Argentina and Czech Republic end tax treaty talks
March 18, 2025
Argentina and the Czech Republic officials have concluded the income tax treaty on 14 March 2025. This follows after officials from both countries met from 11 to 14 March 2025 to negotiate their first-ever income tax treaty. This agreement
Read More
Czech Republic: New VAT registration rules from January 2025
March 13, 2025
The Czech Republic’s tax authority (GFD) shared details on VAT payer status and registration after a VAT law amendment went into effect on 1 January 2025. Amendment set two annual turnover thresholds for mandatory VAT registration The key
Read More Argentina, Czech Republic begin first round of tax treaty talks
March 07, 2025
Argentina and the Czech Republic will meet from 11-14 March 2025 to initiate negotiations for their first-ever income tax treaty. This agreement seeks to eliminate double taxation on income and capital between the two countries while combating
Read More Czech Republic clarify tax-related charges remissions
February 26, 2025
The Czech Republic’s General Financial Directorate has issued Decree D-67, which replaces Decree D-58, on 21 February 2025, providing guidance on waiving tax-related charges. This decree ensures consistent and fair consideration of requests to
Read More Czech Republic passes bill exempting crypto asset income from tax
February 25, 2025
The Czech Republic has gazetted a legislation on 14 February 2025 which exempts specific cryptocurrency transactions from individual income tax. The bill was previously approved by parliament and is set to take effect on 15 February
Read More Czech Republic, Iraq finalise income tax treaty
February 25, 2025
Iraq’s new agency announced in a release that officials from the Czech Republic and Iraq met on 13 February 2025 to discuss bilateral cooperation, including plans to finalise an income tax treaty. The tax treaty aims to eliminate double
Read More