AmCham Advocates Against Increased Taxation of Tax Non-Residents
AmCham has successfully advocated against changes in the governmental amendment to the Income Tax Act proposing taxation of tax non-residents upon sale of shares of a company with more than 50 % of its assets (market price) in Czech real estate...
The Finance Ministry amended the proposal and such a sale of shares will remain tax exempt. However, the Ministry intends to devise a new tax regime for these sales in the complete overhaul of the Income Tax Act (now in the stage of general principles, suggested effectiveness as of 2010). For more information, please contact Andrej Kandráč at akandrac@amcham.cz or Iveta Havlová at ihavlova@amcham.cz.
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