Czech Republic

tangible assets

Changes in Tangible and Intangible Assets for 2021

As we have already announced in our newsletter, the most important aspect of the tax package for companies is the changes related to assets. That is why this newsletter will focus solely on these changes. Although Amendment No. 609/2020 Sb. to the Income Tax Act (hereinafter the “Income Tax Act”), which introduced the changes, is […]

The 2021 Tax Package was Published in the Collection of Laws on New Year’s Eve

The closely watched and anticipated tax package for 2021 was finally published exactly on New Year’s Eve 2020, literally “at the eleventh hour”, in the Collection of Laws under No. 609/2020. The amendment (with a few exceptions) becomes effective on 1 January 2021 as declared. The question is, however, whether the Chamber of Deputies should […]