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New International Treaties

The Czech Republic and the Bahamas entered into a Tax Information Exchange Agreement, which is aimed at increasing the efficiency of tax collection and administration and avoiding or limiting tax evasion. Details are available on the official website of the Ministry of Finance of the Czech Republic (”MFCR“).

Further, the Czech Republic and Austria executed a Protocol amending the text of the Avoidance of Double Taxation Treaty in Vienna. The Protocol implements the OECD’s recommendations and shall facilitate exchanging information between the tax authorities of both nations.

The documents referred to above shall take force and effect after the legislation procedure in both countries is completed.

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