On 27 March 2019, the Czech Republic Published the Law of 12 March 2019 on amendments to certain tax and other laws, which includes, among other changes, the introduction of measures to comply with the EU Anti-Tax Avoidance Directive (ATAD). These are summarized as follows:
Limitation on Deduction of Excess Borrowing Costs
The main points of the deduction limitation include:
- The deduction of excess borrowing costs after deducting taxable borrowing income (interest income) is limited to …