Czech Republic: Proposed legislation introducing top-up tax, implementing EU directive on global minimum tax
The bill is currently undergoing its external comment procedure and may still be further amended.
Implementing EU directive on global minimum tax
The Ministry of Finance published a bill introducing a top-up tax for tax periods starting from 31 December 2023.
The top-up tax—with a rate equal to the difference between 15% and the specifically calculated effective tax rate—would apply to corporations and permanent establishments within groups with a turnover exceeding €750 million. These entities would have to register, file top-up tax information returns and top-up tax returns, pay any tax due, and possibly fulfil other obligations.
The bill would implement the EU directive on global minimum tax.
The bill is currently undergoing its external comment procedure and may still be further amended.
Read a June 2023 report prepared by the KPMG member firm in the Czech Republic
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