Competitiveness / Tax & Finance

This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

18th May 2018 / Competitiveness / Tax & Finance

Experts at tax policy discussed tax plans with the Ministry of Finance on 16 May

On May 16 Stanislav Kouba, a director of the Income Tax Department, Ministry of Finance discussed the Income Tax Act and future tax policy with Peter Chrenko, Partner at PwC and the American Chamber of Commerce members at AmCham roundtable.     
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29th March 2018 / Competitiveness / Tax & Finance

CMS European M&A Study: Sellers take centre stage as European M&A deal value surges in 2017

European M&A witnessed a bumper year in 2017 compared to 2016, whilst global M&A activity fell by 3% in value and 1% in volume. Sellers were more successful in shifting risk to buyers in private company M&A than at any time in the last decade Stark differences in seller/buyer risk allocation remain embedded in the US and European deal structures for private company M&A
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9th March 2018 / Competitiveness / Tax & Finance

Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard

Acccording to Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard, in 2016, there were roughly 1.1 mil. active enterprises in the Czech Republic. 99.8% of these firms were SMEs with less than 250 employees each. Together, they employed almost 1.8 mil. people or 58.4% of the Czech Republic's workforce. Micro-firms dominated the business landscape, comprising 96.3% of all SMEs in 2015.
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20th February 2018 / Competitiveness / Tax & Finance

Open Society/Radio Prague: Study: Almost 10 percent of population pursued by debt collectors

An enormous number of Czechs – almost 10 percent of those over the age of 15 – are in trouble with debt-collecting bailiffs. Indeed, more than 150,000 people in this country are facing a minimum of 10 distraint orders, according to the latest edition of a map of such cases released in mid-February, Radio Prague writes based on Open Society non-profit organization study. 
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14th February 2018 / Competitiveness / Tax & Finance

Czechs will Spend 174 Days Working to Pay Taxes as this Year’s Tax Freedom Day Falls on 23 June

With this year’s date the latest ever recorded, Tax Freedom Day is slipping further away from the start of the year. This year, tax payers in the Czech Republic will spend 174 days working to pay taxes, which is one more day than last year. According to Deloitte, Tax Freedom Day will fall on 23 June 2018. Approximately the same as in the Czech Republic will apply to the Netherlands, Germany and Slovenia. Tax payers will have to spend the most days paying taxes to the government in France and Luxembourg, while the fewest in Romania and Bulgaria.  
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Members of the American Chamber of Commerce in the Czech Republic