Amendment on compensatory taxes

The amendment is at the very beginning of the legislative process and it implements mainly the rules set out by the OECD; moreover, among many legislative changes to "safe harbour" rules, it also changes conditions for submitting tax returns and informative reports. The proposed date of its coming into effect is the day after its publication in the Collection of Acts and it will probably apply to periods that began after 31 December 2023.

For example, the amendment: specifies the income from consolidated financial statements relevant for determining the threshold of EUR 750 million; clarifies the definition of an investment fund; introduces the term "reporting period" (instead of "tax period"), which is the period for which consolidated financial statements are prepared; extends the possibility of applying the safe harbour rules for joint ventures; and specifies which entities will be required to file a tax return and report for Czech compensatory tax.