On 14 July 2023, the Ministry of Finance of the Czech Republic released a statement indicating that the Chamber of Deputies, the lower house of parliament, has given its initial approval to the government’s recovery package. The package, which includes significant measures, such as raising the corporate income tax rate from 19% to 21% and consolidating the reduced rates of VAT (10% and 15%) into a single reduced rate of 12%, while maintaining the standard rate at 21%, has been endorsed in its first reading. The recovery package is set to undergo a second and third reading within the Chamber of Deputies, followed by a requirement for approval from the Senate. The next stage, the second reading, is scheduled for 5 September 2023.
Related Posts
Czech Republic, Mauritius conclude tax treaty talks
January 20, 2026
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
January 14, 2026
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
January 13, 2026
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
November 18, 2025
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
November 13, 2025
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
November 13, 2025
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