The Czech Parliament has approved the law containing various budget and tax reform measures for 2024. Some of the main tax measures of the law include the following:
- The corporate income tax rate is increased from 19% to 21%;
- Companies are allowed to keep accounts in a foreign currency, including EUR, USD, and GBP, provided that such other currency is the functional currency of the company, which means the currency of the primary economic environment in which the company operates;
- An option…