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Czech Republic Introducing New Rules on Waiver of Penalties and Taxes

|Proposed Changes|Czech Republic
Czech Republic

The Czech Chamber of Deputies (lower house of parliament) has approved legislation containing various amendments regarding tax administration. This includes, among other things, the introduction of new rules allowing the tax authority to fully or partially waive tax penalties upon request. New rules are also introduced to allow the government to waive tax obligations in cases where irregularities arise from the application of tax laws and in cases of emergencies, especially natural disasters…

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