31st January 2013

Public incentives directive

At its session on 30 January, the Government approved a directive which is based on the Act on Public Investments Incentives. The Ministry of Trade and Industry clarifies under which condition the public incentive could be granted. Currently, there is a misleading interpretation of the directive. Under the amended version, the public support is allowed up to the 75 per cent of the project value in various production sectors (see 20, 21, 26, 30, and 32.50 of CZ-NACE categorization), or in regions with unemployment above 50 per cent of the average unemployment rate. The innovation and development projects are allowed to be supported up to 100 per cent of the project value.
For further information, click here (explanatory report).

Members of the American Chamber of Commerce in the Czech Republic