The Chamber of Deputies debate with some changes to the Income Taxes Act, which may come into force in 2020. The measures must be approved by the Chamber and the Senate and signed by the president before coming into force.
The provisions of the EU Tax Avoidance Directive (ATAD), which have been incorporated into Czech tax law, include new rules to limit the deductibility of in excess borrowing costs, the introduction of Controlled Foreign Company (CFC) rules and an exit tax, as well as restrictions on the use of cross-border hybrid agreements.
