The Czech Republic has published Law No. 174/2018 in the 16 August 2018 edition of the Official Gazette. The law amends the definition of basic investment funds that may qualify for a special reduced corporate tax rate of 5%. The definition is amended to exclude publicly-traded investment funds from the beneficial rate where the fund is 10% or more owned, directly or indirectly, by a corporate taxpayer, and carries on a business under the Trade Act.
The change is effective from 1 January 20…