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

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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23rd November 2018 / Economic policy / Tax & Finance


BEPS and Transfer Pricing roundtable with Vitezslav Kapoun

On November 22, the American Chamber of Commerce held a roundtable with Vitezslav Kapoun from General Financial Directorate on current implementation of BEPS and transfer pricing. The Base Erosion and Profit Shifting (BEPS) Action Plan was adopted by the OECD and G20 countries in 2013. 
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Members of the American Chamber of Commerce in the Czech Republic