Czech News Daily

Corporate taxes will not rise

Czech companies have the certainty that they will not face an income tax increase in the next four years. The reason is that after the first coalition negotiations about the budget, the VV (Public Affairs) abandoned its proposal to raise the corporate tax from today’s 19 % to 20 %, which had been a part of its election platform. The party says that if they are able to gain money to reduce the budget deficit from other sources, they will not raise the tax. As the ODS (Civic Democrats) and the TOP 09 (Tradition, Responsibility, Prosperity) also keep unambiguously rejecting growth of corporate taxes, there is no power in the Chamber of Deputies now that would increase these taxes in the next four years.  Source HN 1