News from the Chamber of Deputies27/06/13 / cata_tax-news

Legislation news

The recodification of Czech private law is to be accompanied by an amendment to Czech tax law. Not only will several new terms to be introduced by the civil law also be implemented into tax law, but the amendment will usher in entirely new concepts, such as trust funds, public-benefit taxpayers, etc. It will also impose new rules concerning taxation.

In its second reading, the Chamber of Deputies discussed a bill on real property acquisition tax, which will apply to property transfers  and also place the tax duty on the purchaser. In addition to including the grand amendment to the Income Tax Act, the second draft contains a set of changes to other taxes, social security, sickness, pension and health insurance, and also accounting.