Tax and legal news
03.11.2023
Municipalities were given greater powers to regulate the taxation of agricultural.
Increase in the real estate tax rate
03.11.2023
The excise duty on cigarettes, cigars, cigarillos and smoking tobacco has been increased by 10% for 2024 and then by 5% each year from 2025 until 2027.
Increase in the excise tax on tobacco products
03.11.2023
The self-employed person's assessment base for pension insurance has been increased from the current 50% of the partial tax base to 55% from 2024.
Increase in the assessment base for insurance for self-employed persons
03.11.2023
From January 2024 onwards, a number of changes in the tax area are expected as part of the recovery package. The recovery package has successfully passed the Chamber of Deputies and now awaits approval by the Senate.
Other changes
03.11.2023
The recovery package introduces two VAT rates: the basic rate of 21% and the reduced rate of 12%. The 10% rate has been abolished.
Changes to VAT
16.10.2023
The Chamber of Deputies approved the consolidation package bill in its third reading. The measures included in the package are to reduce budget deficits by a total of CZK 150 billion over the next two years.
Consolidation package passed in the Parliament
