Czech Republic: Additional tax, economic measures (COVID-19)

Czech Republic: Additional tax, economic measures

Tax relief measures in the Czech Republic continue as the government responds to the coronavirus (COVID-19) pandemic.

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The KPMG member firm in the Czech Republic prepared reports about the following tax relief efforts.

  • Support introduced for businesses includes (1) a “COVID-19 call” under the innovation vouchers scheme and (2) the “COVID plus guarantee” for loan guarantees for large export companies and producers. Read an April 2020 report

  • A government bill, passed by the Chamber of Deputies, aims to protect lessees of commercial premises that are in default with rental payments. The bill may have a negative impact on the “cash flow” of the property lessors due to its tax implications. For example, lessors still must meet their tax obligations (mainly income tax and value added tax (VAT)). Read an April 2020 report

  • A proposal by the Ministry of Finance would eliminate the tax on immovable property acquisitions and repeal tax deductions available for new mortgages. Read an April 2020 report

  • The government has revised a bill concerning a compensation bonus for those persons who are self-employed. Read an April 2020 report

  • There will be no penalties until 21 September 2020 for the late payment of health insurance premiums related to coverage of employees for the period from March to August 2020. Read an April 2020 report

  • There is some question as to whether employees infected by COVID-19 disease can claim worker’s compensation, for accidents at work or occupational diseases. Read an April 2020 report

  • Multiple government bills for consideration by the Chamber of Deputies aim to mitigate the impact of the coronavirus pandemic. The bills would, among other items, deal with the statute of limitations for court and administrative proceedings. Read an April 2020 report

  • Proposed legislation would allow corporations to fulfil their corporate management duties, especially concerning the requirement for general shareholder meetings, when the right to assemble has been restricted due to the spread of COVID-19. Read an April 2020 report

  • The Ministry of Industry and Trade announced new calls to participate in the “country for the future” and “Czech rise up” programmes, focusing on support to fight COVID-19. Read an April 2020 report

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