MF: MPs approve anti-crisis tax package

(ČIA) The Chamber of Deputies of the Czech Republic, has, for the second time, approved the package of tax changes mitigating unfavourable economic impacts of the coronavirus pandemic on entrepreneurs and firms. According to the Ministry of Finance of the Czech Republic (MF), it will be newly possibly to apply a tax loss retroactively. Accommodation services and tickets for sports and culture are now in the bottom VAT rate. The road tax for vehicles above 3.5 ton will be reduced by 25% and municipalities will be able to forgive the tax on property. The package is subject to signature by the president.



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