The Ministry of Finance has proposed a Bill on Intangible Property Transfer Tax (zákon o dani z nabytí nemovitých věci) that should replace the current Act on Real Estate Tax. The aim of the Bill is connected to the newly passed Civil Code (nový občanský zákoník); it reflects changes of the definition of the intangible property (the real estate should be inseparable from grounds). The Bill stipulates under which conditions the transfer tax should be paid. Newly, the acquirer of the intangible property should pay the tax. The value of the tax answer the price value of the intangible property and a fix value of 4 per cent. The tax revenues should flow into the state budget. As proposed by the Ministry, the Act should come into force on 1 January, 2014.
The Ministry welcomes any comments till 9 January, 2013.
For further information, click here (explanatory report).
5th March 2019