The Czech President signed some amendments to the Income Tax Act, which include the withholding tax (WHT) provisions. The amendments will be effective on the 15th day of its publication. There is an indication of its publication date and it is 1st of July 2017. The new provisions of withholding tax basically alerts for shareholder associations and profit companies and financial institutions that pay interest on these companies. The changes extend the chance of 19% withholding tax on interest in case of deposits. This new measure imposes extra requirements on banks and savings and credit organizations.
«
UK: Draft legislation – Corporate Interest Restriction
Related Posts
Czech Republic: Senate passes bill on VAT scheme for small enterprises
The Czech Senate (upper house of parliament) has passed the Bill on Amendments to the Value Added Tax Law on 11 December 2024, which amends the VAT Law to incorporate the Amending Directive to the VAT Directive (2020/285) of 18 February 2020
Read MoreOECD: Czech Republic, Hungary, Germany sign agreement to share digital platform income informationÂ
The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned
Read MoreCzech Republic, Korea (Rep.) sign MoU on trade and investment promotion framework
Czech Republic and Korea (Rep.) signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 20 September 2024. The signing of the MoU came after 34 years of diplomatic relations between the two countries,
Read MoreCzech Republic, Rwanda tax treaty enters into forceÂ
The Czech Republic Ministry of Finance has announced,on 11 November 2024, that the income tax treaty with Rwanda came into effect on 30 October 2024. This treaty, signed on 2 May 2023, is the first between the two nations and aims to eliminate
Read MoreCzech Republic updates list of non-cooperative CFC jurisdictions
The Czech Republic Ministry of Finance has released Financial Bulletin No. 9/2024, containing a notice regarding the lists of non-cooperative jurisdictions for various periods about the Czech Republic's controlled foreign company (CFC)
Read MoreCzech Republic passes bill on VAT scheme for small enterprises
Czech Republic’s lower chamber of parliament has passed the bill amending the VAT Law on 30 October 2024, aiming to incorporate the Amending Directive to the VAT Directive (2020/285) concerning the special scheme for small enterprises, among other
Read More