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

8th July 2020 / Economic policy / Tax & Finance

AmCham CZ Position on Digital Tax

We write to explain our view that the digital tax being debated by the Parliament will harm the overall economy more than any potential benefit. The AmCham Czech Republic is an association of Czech and American companies interested in making the Czech Republic a top ten economy in the EU by 2025. The digital tax will make it substantially harder to achieve that aim.   
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16th December 2020 / Economic policy / Tax & Finance

Piggy banks grow fatter in Central and Eastern Europe in Covid times

Average monthly savings and investment volume rose in all CEE markets in 2020, continuing uptrend over past five years Across region, increasing importance attached to putting money aside, but level of satisfaction with savings and investments varies widely Key drivers for putting money aside: “rainy days”, planned purchases and safeguarding for old age Widespread popularity of traditional products like savings books and building savings also reflects risk aversion among CEE savers
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21st September 2020 / Economic policy / Tax & Finance

Who will benefit from abolition of super-gross wage?

The government has decided to proceed with the long-promised abolition of the super-gross wage, while at the same time introducing the progression of personal income tax. The Chamber of Deputies is currently debating an amendment to tax laws, which has already passed the first reading. The coalition has now agreed to submit an amending proposal abolishing the super-gross wage. Who will pay less and who will pay more tax if it is passed?
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17th June 2020 / Economic policy / Tax & Finance

Liberation package III postpones filing of tax returns and payment of tax

In Financial Bulletin No. 9, the Ministry of Finance has published a third liberation package, generally and under certain conditions waiving tax, interest, and penalties. Among other things, sanctions for the late filing of personal and corporate income tax returns for 2019 and for late tax payments shall be waived as long as the return is filed and the tax paid by 18 August 2020. This does not apply to taxpayers administered by the Specialised Tax Authority.
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Members of the American Chamber of Commerce in the Czech Republic