Czech Republic
At a glance
| Corporate Income Tax Rate | 19 % |
| Tax rate applied on capital gains | 19 % |
| Tax rate applied on branch profits | 19 % |
| Other taxes (e.g. local or state tax) | no |
| Average total effective tax rate on corporate profits | 19 % |
| Withholding taxes (standard rates) | |
| on dividends | 15 % |
| on branch profit remittance | N.A. |
| on interest | 15 % |
| on royalties | 15 % |
| Loss carry back period | N.A. |
| Loss carry forward period | 5 years |
Introduction
The Czech Republic (Czech: Česká republika) is a landlocked country in Central Europe. The country borders Poland to the northeast, Germany to the west and northwest, Austria to the south and Slovakia to the east. It has been a member of NATO since 1999 and of the European Union since 2004. As an OSCE (Organization for Security and Cooperation in Europe) participating State, the Czech Republic’s international commitments are subject to monitoring under the mandate of the U.S. Helsinki Commission. The Czech Republic is also a member of the Organisation for Economic Co-operation and Development (OECD), the Council of Europe and the Visegrád Group. The Czech Republic is a pluralist multi-party parliamentary representative democracy. The president is the head of state. The Prime Minister is the head of government. The Parliament has two chambers: the Chamber of Deputies and the Senate. The Czech Republic made economic reforms such as fast privatizations. Annual gross domestic product growth has been around 6% until the outbreak of the recent global economic crisis. The country is the first former member of the Comecon to achieve the status of a developed country according to the World Bank (2006) and the Human Development Index (2009), which ranks it as a "Very High Human Development" nation. (Source: Wikipedia)
Publications
First experience with the new tax code
KSB Tax News July-August 2012 Czech Republic
Legal measure of Czech upper house
Czech Transfer Pricing Questionnaire on Related-Party transactions
Czech Amendments to Tax Acts and new Treaties
Czech Amendments to VAT Act
Czech Tax News January/February 2015
Czech Tax News April/May 2015
Czech Tax News
Czech Tax News October 2015
Summary of Major Changes to the 2016 Czech Tax Regulations
Czech Tax News April 2016
Czech Tax News May
Czech Tax News - Union Customs Code Takes Effect
Amendments on various Czech acts August 2016
Czech Tax News October 2016
Czech Tax News November 2016
Czech Tax News December 2016
Czech Tax News January 2017
Czech Tax Update
Czech Tax News September 2017
Czech Tax News 2018
Czech Tax News February 2018
Czech Tax News April 2018
