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Czech Republic Recovery Package Includes Increased Corporate Income Tax Rate, Merged Reduced VAT Rate, and Other Changes

|Proposed Changes|Czech Republic
Czech Republic

The Czech Ministry of Finance has issued a release on the government's recovery package, which contains several tax measures. Some of the main measures include:

  • An increase in the corporate income tax rate from 19% to 21%;
  • The reintroduction of employee health (sickness) insurance contributions at a reduced rate of 0.6%;
  • An increase in real estate tax rates up to double for the benefit of the state budget through the introduction of a so-called state coefficient to the tax rate (currently, …

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