Czech Republic joins Convention and protocol on Mutual Administrative Assistance in Tax Matters
The multilateral Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, entered into force in respect of the Czech Republic on 1 February 2014. The Convention and the amending protocol generally apply in the
See MoreCzech Republic: New Reduced VAT rate
The Czech coalition government is taking into account to introduce a new, deducted VAT rate for medicines. The EU VAT Directive permits two reduced VAT rates below any member state’s standard VAT rate. These rates may not go beyond 5%.
See MoreCzech Republic-Kosovo DTA signed
The Czech Republic and Kosovo has signed a double tax agreement (DTA) on November 26, 2013 and it tends to follow the ideas of the OECD Model. The definition of a permanent establishment contains the provision of services in the other contracting
See MoreCzech Republic: Corporate tax liability is affected by regional aid rules
An essential fact that may impact indirectly the tax liability of Czech companies is the end of the seven-year (2007-2013) period for taking regional aid via EU programs and the starting of a new one, which will be related to new rules in this area
See MoreCzech Republic – Changes regarding tax and insurance premiums
In the Czech Republic, under changes that are effective in 2014, employers will need to ready new rules regarding the taxation and insurance premiums in respect of employees. Again, there are changes to the social and health insurance premiums for
See MoreAndorra’s parliament ratifies the TIEA with the Czech Republic
In accordance with initial media reports, Andorra’s parliament has endorsed a law to justify the tax information exchange agreement (TIEA) the territory signed with the Czech
See MoreCzech Senate approves Income Tax Law amendment
On 10 October 2013, the Czech Senate approved a special law measure that includes a long discussed Income Tax Law amendment. For this amendment to be enacted it must be approved by a new Chamber of Deputies on its first session. The main changes are
See MoreCzech Republic-Switzerland tax treaty protocol enter into force
The protocol to the agreement regarding the avoidance of double taxation between Czech Republic and Switzerland has entered into force on October 11, 2013 and the real double taxation agreement was signed on December 4, 1995. The protocol covers
See MoreTax Certificates for residence issued by Czech tax authorities should have an apostille
The Russian Ministry of Finance has published Letter No. ОА-4-13/7891 on October 14, 2013, issued on April 29, 2013, clarifying the requirements for certificates of tax residence issued by the Czech tax authorities for the purposes of application
See MoreKazakhstan – Czech Republic ICTT protocol authorized
It has been reported that the government of the Czech Republic has authorized the signing of the initialed amending protocol to the Czech Republic – Kazakhstan Income and Capital Tax Treaty (1998) on October 16,
See MoreCzech Republic: Tax rates for investment funds proposed
In Czech Republic, pending legislation has approved by the Senate would give the following tax rates for investment funds: On investment funds -5% corporate income tax rates On payment of profit shares -15% withholding tax rates Investors which
See MoreCzech Republic: Income Tax Law amendment has approved
The Senate of Czech Republic has approved a special law measure on October 10, 2013 which includes a long discussed Income Tax Law amendment. To be enacted it must be accepted by a new Chamber of Deputies on its first session. Under the new
See MoreCzech Republic- Bahamas, Monaco TIEA Signing Approval
The Ministry of Finance of Czech Republic has declared that the government had accepted the signing of tax information exchange agreements with Monaco and the Bahamas on October 1, 2013. These agreements hope to increase the probability of
See MoreDTA between Pakistan – Czech Republic
Pakistan’s Cabinet on August 29, 2013, approved the signing of a draft double tax agreement (DTA) with the Czech Republic. A draft agreement was originally initialled on 19 October 2012. No further details of the treaty are currently
See MoreCzech Republic – Postponement of provision to implement FATCA
A package of proposals has been submitted by the Finance Ministry for making consideration by the Parliament but legislative consideration of several of the provisions has been postponed. One of the items included in the proposals, which would put
See MoreCzech Republic: Flood-related tax relief and proposed payroll tax changes
New tax measures in the Czech Republic provide tax relief to flood damage and introduce a new payroll tax regime. The Ministry of Finance of the Czech Republic is providing tax relief to companies and individuals affected by floods this year. The
See MoreCzech Republic: New Decree on Low Value Adding Services
The General Financial Directorate (D-10) has issued the new Decree related to Low Value Adding Services took into effect on January 1, 2013 and it will relief qualifying taxpayers from preparation of full-phase transfer pricing documentation and
See MoreCzech Republic: Proposals on dividends, stock gains and increased R&D
The Czech Republic government has submitted its long-discussed proposals on April, 2013 to “re-codify” the tax laws to the Chamber of Deputies with a proposed effective date of January 1, 2014. The main proposals are summarized below: Dividends,
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