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The Czech Senate approved government's proposal of statutory measure regarding changes in tax law in connection with the new Civil Code

11 Oct 2013

On 10 October 2013, the Senate passed the legislative measures amending the tax legislation related to the reenactment of private law.

The legislative measures have taken over the majority of their content from the previously rejected tax proposals. The originally proposed tax exemption of dividends for individuals was excluded and thus will not be applicable. As for the investment funds, the legislative measures reverted to the original 5 % tax rate. The possibility to claim the so-called „extraordinary depreciation“ was rejected as well.

The legislative measures must be approved by the Assembly of Deputies at its first meeting. Should the Assembly of Deputies not ratify them, they shall cease to be in force.

We will keep you updated on further development of the issue.

Download Tax & Fiscal Alert


Contact:
Petr Neškrábal
Managing Director
Email: petr.neskrabal@accace.com
Tel: +420 222 753 480

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About Accace

Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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