The Ministry of Industry and Trade has prepared an amendment to the Government Regulation on the permissible level of public aid in the cohesion regions of the Czech Republic. The amendment responds to the amendment of the European Block Exemption Regulation, which is effective from 1 July 2023.
AmCham Intel: AmCham members discussed the current and future tax policy with the Ministry of Finance
AmCham policy update and outlook with the Ministry of Finance representatives Stanislav Kouba, Director General, Section Tax and Custom and Zdeněk Hrdlička, Director, Department for International Tax Cooperation and Relations focused on the current business related issues.
The corporate sustainability reporting directive became part of the government's budget consolidation package
As a surprise to everyone concerned, the current Budget Consolidation Package, to become effective for the most part as of January 2024, includes a partial implementation of the Corporate Sustainability Reporting Directive (CSRD).
CSRD requires companies to report on the impact of corporate activities on the environment and society, and requires the audit of such reported information. The Budget Consolidation Package (and the subsequent amendment 3149 by MP Havranek) proposal addresses the first phase of the CSRD obligations,
i.e. to publish the sustainability report.
This year marks the 30th anniversary of the semiconductor design centre in Rožnov pod Radhoštěm, which is awaiting further significant development. The centre is a key location for onsemi, a company from the United States that designs and manufactures chips and integrated circuits in Rožnov for customers from all over the world, as well as for domestic applied research and universities. Components from Rožnov are mainly destined for automotive and communications technology, computers, but also consumer electronics, industry, energy and a wide range of other sectors.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- Government as a Competitive Advantage, including Digitization
Read the documents in English and Czech.
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