Global

Details

  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 1/16/2013

Czech Republic - Transfer tax relating to real estate interests 

January 16:   Many companies in the Czech Republic currently are focused on implementing the so-called “unreliable VAT payer concept” and the solidarity tax increase in their systems. More tax changes, however, are expected.

For instance, in late December 2012, the Ministry of Finance posted on its website draft legislation that would affect the taxation of acquisitions of immovable property—including extending the scope of the tax to a transfer of shares in corporations that own real estate. The proposal is pending public comment.


Read a January 2013 report [PDF 305 KB] prepared by the KPMG member firm in the Czech Republic: Financial Update (January 2013)


Other topics discussed in this report include:


  • Unreliable VAT payers to be listed on VAT register
  • With new law, employees could not also serve as directors
  • New income tax treaty provisions with Bahrain, Barbados, and Hong Kong are effective, and new treaties with Denmark and Poland and Protocols to income tax treaties with Croatia, Austria, and Uzbekistan.



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