Czech Republic

windfall tax

The 2023 Tax Package is here!

On Friday, 2 December, 2022, the 2023 tax package, which amends the Income Tax Act, the Value Added Tax Act and other related laws, was published in the Collection of Laws. A brief overview of the most important changes follows. Windfall tax A new 60% tax on profits in excess of 120% of the average […]

“War tax” in sight

A Europe-wide discussion on the potential adoption of a windfall tax began already in the first half of the year, driven by the global situation over the last months, in particular the ongoing war in Ukraine. Many member states , including the Czech Republic, are now in the process of implementing this kind of taxation. […]