22nd January 2015

Project of tax payment by card on internet postponed

Due to the excessive cost of payment of income tax on internet by card the Financial Administration abandoned for now its intent to introduce this way of payment originally scheduled to start at the beginning of the year 2015. The Financial Administration was unfortunately able to negotiate beneficial terms only with MasterCard leaving the fees for paying with Visa in the amount of several percent of the tax paid and diminishing the tax collected as a result. This possibility was meant as a tool to make the tax collection easier. The Financial Administration is now working on different means of making the tax payment more convenient. Regarding payment of income tax also other measures of prevention of tax evasion are nearing completion as Income Evidence Act that is to affect around 600 000 companies and entrepreneurs is now in ministerial comment procedure and according the schedule it is to come into force by the 1st January 2016.

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Members of the American Chamber of Commerce in the Czech Republic