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Update - Czech Republic Publishes Law Providing Increased Deduction for Donations to Ukraine

|Approved Changes|Czech Republic
Czech Republic

The Czech Republic has published Law 128/2022 in the Official Gazette, which was signed by the president on 18 May 2022 and entered into force on 28 May 2022. As previously reported, the law allows both individuals and companies to deduct donations made to Ukraine, Ukrainian organizations, and Ukrainian residents in the context of the invasion by Russia, subject to an increased deduction cap equal to 30% of the tax base. For individuals, the law applies for the 2022 tax year (calendar year),…

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