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Amendment to the Income Taxes Act, the Real Estate Tax Act, Inheritance and Gift Tax Act

February 2009 - Tax & Private Client. Legal Developments by Alfery .

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On 19 December 2008, the President of the Czech Republic signed the Amendment to the Income Taxes Act, among other Acts. This Amendment had been under preparation for a long time, and after long negotiation (the Amendment had already been submitted to the House of Parliament by the government on 24 July 2008) was finally approved on 10 December 2008. The Amendment became effective on 1 January 2009 when it was published in the Collection of Acts of the Czech Republic under No. 2/2009 Coll.

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