MF: Equalisation tax can provide up to CZK 6bn for budget

(CIANEWS) - The Ministry of Finance has prepared a draft law on equalisation taxes to ensure a minimum level of taxation of large multinational and national groups. It wants to ensure the taxation of global concerns that might avoid paying taxes due to their headquarters in other countries, in line with the European directive. The explanatory memorandum estimates the positive impact at CZK 4-6bn p.a. The comment procedure has been completed, but the date of discussion by the government has not yet been set.



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