ARTICLE
11 March 1998

Czech News - December 1997 - Anticipated Changes In The Czech Tax System - Tax R

Czech Republic Accounting and Audit
An analysis prepared by the Czech Ministry of Industry and Trade in respect of the preferential treatment of foreign investors will be presented to the Government.

In particular, it also contains certain proposals for changes of the related Czech legislation (with anticipated effect as of 1 January 1999) as follows:

  • Introduction of certain forms of tax holidays,
  • Support of education and training of new employees,
  • Abolition of customs duties levied on import of high technology,
  • Setting up of technology parks and industrial zones to be immediately available at low cost to users.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to richard.g.fletcher@arthurandersen.com

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