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Czech Republic's New Incoming Government Proposes Corporate Tax Rate Reduction and Other Measures

|Proposed Changes|Czech Republic
Czech Republic

The Czech Republic's new incoming government has released its draft government program statement, including a commitment to not raise any taxes. Other tax-related proposals include:

  • Reducing the corporate income tax rate from 21% to 19%;
  • Introducing a 0% VAT rate on prescription drugs;
  • Unifying the VAT on catering services and the serving of non-alcoholic beverages at a rate of 12%;
  • Shorten th…

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