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

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…