4th April 2014

Ministry of Finance to postpone taxation legislature

The Czech PM Bohuslav Sobotka expressed his concerns of Minister of Finance Andrej Babiš asking him to extend the deadline for preparation of two taxation legislation analysis, namely of taxation of illegally obtained assets and of property declaration act. In that case respective laws wouldn’t probably come into force on time in January 2015. PM Bohuslav Sobotka perceives this as a negative signal as the adoption of various taxation acts is stated in the Coalition Agreement. On the contrary, spokesperson of the Ministry of Finance Zeman denied that there was a problem and stated that the delay was caused by legal and technical issues in order for the acts to be in accordance with the Constitution and with legal system.

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Members of the American Chamber of Commerce in the Czech Republic