Economic policy / Tax & Finance

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

Spotlight issue

4th February 2020 / Economic policy / Tax & Finance

AmCham CZ: Digital Tax. Collateral Damage

The government's proposed tax on digital services is moving through Parliament just a few days after France announced it will step back from immediate implementation of its own very similar digital tax. The French decision to alter its approach came after the United States made it clear it would impose retaliatory tariffs. 
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4th December 2019 / Economic policy / Tax & Finance

AmCham Tax Policy Outlook with Finance Deputy Minister Stanislav Kouba

On November 28, we discussed with Deputy Finance Minister Stanislav Kouba the impact of digital tax on the Czech economy. Among other issues we talked about fair taxation, efficiency of revenue collection in the Czech Republic, proposed amendment to VAT Act, reverse charge, changes in Income Tax, labour taxation and ecological tax.
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5th August 2019 / Economic policy / Tax & Finance

AmCham submits comments on proposed Digital Services Tax

AmCham is worried that the government's proposed tax on global digital services companies will end up being paid by Czech companies wanting to market on the internet, and not contribute to necessary global solution.
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26th March 2019 / Economic policy / Tax & Finance

New mortgage limits in the Czech Republic

Recommendations of the Czech National Bank The continuing increase in the number of bank loans provided in the Czech Republic has drawn the attention of the Czech National Bank (CNB), the regulatory body obliged to maintain and support financial stability. The CNB has therefore published a number of recommended industry guidelines regarding mortgage lending conditions. In particular, lending limits have been suggested relating to loan-to-value ratios (LTV); debt-to-income ratios (DTI); and debt service-to-income ratios (DSTI). In the opinion of the CNB, these limits need to be observed in order to minimise risks connected with the growing economic market. In 2015, CNB issued its first recommendation on managing the risks associated with providing retail secured residential property loans. This was aimed at preventing risks associated with the residential property market by setting LTV limits. In 2016 and 2017, the CNB continued to tighten LTV limits; DTI and DSTI levels were also introduced.
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Members of the American Chamber of Commerce in the Czech Republic