HK: State should support recovery with quick depreciation

(ČIA) According to the Czech Chamber of Commerce (HK), the recovery and more sustainable growth of the Czech economy is threatened by insufficient investment of companies in machinery and technology. The state has not supported them with accelerated depreciation as the Chamber recommended. Karina Kubelková, a senior analyst, said that the HK CR had proposed tax benefits for the acquisition of investments classified in the 3rd depreciation group. These include machinery and technological equipment, which are normally depreciated over 10 years. The Association proposed depreciation over four years, 50% of which in the first year. It believes that policymakers will extend the extraordinary depreciation introduced because of the pandemic to 2022 to help businesses make investments.



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