On November 4, 2022, the Czech Parliament approved a tax on extraordinary profits of energy, petroleum, mining companies and banks. It is to be paid for a period of three years until 2025, its rate will be 60 percent, and the income from this tax is to be used to cover the extraordinary costs that […]
The Czech Republic can be a role model for other countries in helping employers to manage the costs of tests for the COVID-19 virus. On 14 May, the Financial Administration of the Czech Republic clarified on its website information regarding the payment by employers of mandatory COVID-19 tests for employees. Hence, the expenses for such […]
The Czech Republic’s government is uncertain and worried that its proposed rate of 7% on digital tax on tech companies with global turnover over 750 million euros ($809 million) might be too high compared to other EU states. Therefore, the parliament’s budgetary committee has unanimously delayed a discussion about reducing the rate until 10 June […]
