17th May 2012

Act on Investments Incentive coming into force

President signed amendments to the Investments Incentive Act (zákon o investičních pobídkách) that was passed by the Senate 25 April. The Act enables funding any innovation projects in regions by the European operational programs. The Act also introduces “strategic investment projects” that should be supported by the direct incentives. The main incentive is a prolonged period of applying income tax abatement.
The Act will come into force in 30 days after the Bill has been declared.

For further information regarding the Act, click here.

Members of the American Chamber of Commerce in the Czech Republic