News

Spotlight issue

9th October 2018 / Amcham advocacy news / Tax & Finance


The Ministry of Finance presents tax update to AmCham members

On October 4, the AmCham hosted a tax policy roundtable with Stanislav Kouba, a director of Income Tax Department from the Ministry of Finance. Mr Kouba presented tax update on the digital economy, research and development tax allowance and new tax tool – tax data information box (daňová informační schránka). What is a stance of the Czech Republic, particularly the Ministry of Finance, toward taxation of the digital economy? Does the Czech Republic take into account (rather restrained) attitudes of other EU member states? How could the system of tax data information box be enhanced? Is it possible to facilitate procedure of the research project submission in advance to apply for the tax allowance support?

 

9th October 2018 / Politics / Elections


Grayling Czech Republic Political Digest September 2018

With everybody wanting a slice of the pie – power at Prague City Hall – even a post-election coalition of ODS, ANO movement and TOP09 block is possible. This would be unimaginable in the Chamber of Deputies, but these are municipal elections and everything and anything could happen.

5th October 2018 / Competitiveness / Business and Industry


Czechs Save for New Housing the Longest in Europe

The availability of housing in the Czech Republic is the worst compared to selected countries in Europe. On average, a new flat amounts to 11.3 multiple of an average annual income. The period is even longer than in Great Britain (9.8) where nominal property prices are by far the highest. The easiest way to new housing is in Belgium (3.7 of annual income). These are the findings presented in the latest Deloitte Property Index 2018.  

4th October 2018 / Politics / Elections


International School of Brno holds debate of politicians with students

On October 3, the International School of Brno organized a student debate with representives of political parties competing for Brno mayoral seat. 

4th October 2018 / Competitiveness / Employment and Social Affairs


Czech Republic Employment Factsheet

The Czech Republic lost 385,000 people of working age due to aging between 2011-2017. Between 2010-2015, a net of 8,000 people emigrated from the country annually . And between 2012-2017, companies increased the number of occupied jobs by 346,000.

Strategic Directions for Czech Economic Policy

  1. 1) The home of value-added manufacturing
  2. 2) Prague-Brno-Ostrava Creative Triangle
  3. 3) Health Care as an export industry
  4. 4) Government as a competitive advantage

Advocacy Priorities for 2018-2020 
 
People 

1. Setting a predictable policy for economic immigration based on the goal of maintaining current levels of employment for Czech citizens and wage growth that corresponds to productivity growth.  

2. Establishing incentives for companies and individuals to provide the qualifications and skills necessary for the automation of production and service industries.  

3. Introducing machine and computer programming as a required language in elementary and high schools.  

4. Improving the Healthy Life Years of the workforce and overall population through better prevention programs, better diagnostics, and better treatment.  
 
Infrastructure 

1. Develop a plan for developing and maintaining an integrated rail, road and air commercial logistics systems.  

2. Integrate the Prague airport into the national commuter network.  

3. Increase digital infrastructure capacity throughout country. 

4. Develop a housing plan that will create more entry-level housing in Prague and Brno for purchase or rent.  
 
Technology 

1. Reform investment incentives to concentrate on product research, development and production.  

2. Establish policy objectives in the area of health, energy, transport, environment and other areas and use these objectives for allocating public research funds. 

3. Require major public procurements to use objective and measurable criteria for innovation. 

 

Read the document in English and Czech.

Policy pipeline

In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.

Members of the American Chamber of Commerce in the Czech Republic