Tax Czech - What do the latest Czech tax reforms mean for property investors?

Tax Czech - What do the latest Czech tax reforms mean for property investors?
15th June 2007

April 2007 saw the Czech government finally take steps to reform the country's tax and social security systems.

If the proposed bill is ratified by parliament the reforms should come into effect in 2008 and make the Czech tax system far less cumbersome for both businesses and employees.

Such reforms, outlined below, can only further help to attract foreign investment, stimulate internal demand and entrepreneurship, further expand the Czech economy and ultimately help drive property prices upwards.

Income Tax

The progressive tax rate (from 12% - 32%) will be replaced by a flat rate tax of 15%.

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