Czech Republic Recovery Package Includes Increased Corporate Income Tax Rate, Merged Reduced VAT Rate, and Other Changes

The Czech Ministry of Finance has issued a release on the government's recovery package, which contains several tax measures. Some of the main measures include:
- An increase in the corporate income tax rate from 19% to 21%;
- The reintroduction of employee health (sickness) insurance contributions at a reduced rate of 0.6%;
- An increase in real estate tax rates up to double for the benefit of the…