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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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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18th February 2020 / Economic policy / Tax & Finance

AmCham Issue Analysis: Digital Services Tax is high risk for uncertain reward

Should all companies pay their fair share of tax? Yes. The combination of the EU Common Market and virtual goods make determining what is fair very complicated. 
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Members of the American Chamber of Commerce in the Czech Republic