On 22 April 2021, the Ministry of Finance issued a guide in Financial Bulletin 19/2021, which provides amendments to Tax Code. According to the Guide, the late payment interest rate is decreased from 14% to 8%. The amount of default interest is equal to 14% plus the repo rate set by the Czech National Bank applies up to 31 December 2020 as on the first day of the relevant calendar half-year. From 1 January 2021, the new interest rate 8% plus the repo rate will be used as on the first day of the relevant calendar half-year, while the method of calculation is unchanged.
Transfer Pricing Brief: May 2021
Related Posts
Czech Republic, Mauritius conclude tax treaty talks
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
Indonesia deposits MLI entry-into-force notification for tax treaty with Czech Republic
According to an update from the OECD, Indonesia deposited, on 12 January 2026, an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related
Read More
Czech Republic, Mauritius holds second round of tax treaty talks
Officials from the Czech Republic and Mauritius are meeting for the second round of talks on a potential income tax treaty from 13 to 16 January 2026. If an agreement is reached it will prevent double taxation and fiscal evasion between the two
Read More
Czech Republic: Supreme Administrative Court issues ruling on limits of transfer pricing rules
The Supreme Administrative Court (SAC) of the Czech Republic has issued a ruling on 12 November 2025, concerning a tax dispute involving the company Astemo Czech, s. r. o., and the Appellate Financial Directorate. The ruling includes informal
Read More
Czech Republic: GFD issues revised tax rules for app-based transport providers
The Czech Republic’s General Financial Directorate (GFD) has issued updated guidance for entities offering transport services through mobile applications such as Uber, Bolt, and Liftago. The updates reflect recent changes in VAT legislation and
Read More
Czech Republic confirms defence tax covered by double taxation treaty with Japan
The Czech Republic’s Ministry of Finance has announced, on 5 November 2025, that Japan’s recently introduced Special Corporation Tax for Defence will be recognised under the existing double taxation treaty between the two countries. According
Read More