The Ministry of Finance of the Czech Republic has released a proposed bill in accordance with EU directive on global minimum tax that outlines the implementation of the top-up tax for tax periods beginning on or after 31 December 2023. According to the bill, this top-up tax will be levied on corporations and permanent establishments that belong to groups with a turnover exceeding €750 million. The rate of the top-up tax will be determined as the difference between 15% and the specifically calculated effective tax rate would apply to corporations and permanent establishments within groups.