The Finance Ministry held a conference on 18th November 2015 regarding tax evasion and measures taken to counter it. It was reported that because of intensifying the fight against tax evasion and avoidance, public revenues had increased. In accordance with the Ministry of Finance, tax evasion happens in the following main areas:

  • transfer pricing, possibly resulting in profits being shifted to tax havens
  • non-declared income (approximately CZK 160 billion each year) and
  • VAT-related evasion (approximately CZK 80 billion per annum).