Czech RepublicAccounting and Audit
The Government approved the amendment of the customs tariff that decreases customs duties for 8,000 items (from the total of 10,700 items). The new customs tariff entered into force on 1 January 1998.
As a consequence, the average customs duty tariff falls from 3.8% to 3.3%. In particular, duties of oil and glass products, lorries, furniture, etc. were decreased.
Draft amendment to the Chart of Accounts and the Accounting Procedures for Entrepreneurs
The Ministry of Finance prepared an amendment to the Chart of Accounts and the Accounting Procedures for Entrepreneurs.
This amendment will be effective from 1 January 1998.
The main areas covered by the amendment are as follows:
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