28th May 2013

Economic Policy: Tax deduction for the companies for employing and training students

To support technical education this piece of legislation proposes to enhance the quality of technical school graduates, to avert lack of professionals in the industry and to avoid negative impact on the competitiveness of the country passed the first reading in Parliament. Tax deduction of CZK 80 000 may be applied for 400 hours of student´s work per year. The income tax act, which includes the proposal is should come into force on September 1.

Document enclosed.

Members of the American Chamber of Commerce in the Czech Republic