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Czech Republic

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Tax authorities

The Central Financial and Tax Directorate
Letenská 15, 118 10 Praha 1
Tel: +420 257 041 111
Email: informace@mfcr.cz
Website: www.mfcr.cz

Tax rates at a glance

(As of September 2012)

Corporate income tax 19%
Capital gains
Branch tax 19%
Withholding tax
  Dividends 0% to 15% (a)
  Interest 0% to 15% (a)
  Royalties from patents and licences 0% to 15% (a)
  Branch remittance tax N/A
Net operating losses (Years)
  Carryback
  Carryforwards
  1. A final withholding tax of 15% is applied to dividends that are paid to a non resident, except when the rate is reduced under an applicable tax treaty. According to the EU parent-subsidiary directive, a Czech company is exempt from paying withholding tax on dividends paid to a parent company, located in another EU member state, if it holds a minimum of 10% of the distributing company for an uninterrupted 12 month period. This exemption applies to dividends paid to parent companies in Iceland, Norway and Switzerland.

Tax

The prevailing sentiment in the Czech Republic tax market is uncertainty. The right-wing government, which was elected two years ago, promised there would be no increase to corporate and individual taxation, "but now they are raising the taxes," said ... [more]

The Deloitte tax practice includes 179 full-time tax professionals including 10 partners and is managed by Tomas Seidl.The team, whose work includes advisory services related to grants and incentives, research and development (R&D) tax relief as well ... [more]

The Ernst & Young tax team of more than 100 professionals works across a broad range of business lines. Libor Frýzek, an international tax and transfer pricing specialist, leads the division.The team is divided into specialist areas, each with a lead ... [more]

KPMG's tax department is headed by Jan Žůrek who manages a team of eight partners and 108 fee earners.The firm is highly regarded by its competitors, who highlight Marika Konečná for her transfer pricing skills.The key business lines the firm focuses ... [more]

Alfery & Partner specialises in advising international businesses on domestic and international tax law, transfer pricing and tax litigation.The practice head is Jana Alfery, who leads a team of five partners and 26 fee earners. Alfery is highly regarded ... [more]

Dentons is praised by clients for its commitment to difficult tasks. "We hired them because we had a difficult problem to solve. We had to establish a permanent establishment of our Luxembourg companies in the Czech Republic. It took a long time to ... [more]

White & Case focuses on international tax structuring and M&A work as well as corporate tax and VAT. The tax division is managed by Ales Zidek and includes two partners and five fee earners.A notable example of its work this year was advice Zidek and ... [more]

The tax division at Kocián Šolc Balaštík includes one partner and five fee earners. The team is under the leadership of Helena Navratilova who has been active across a range of transfer pricing and corporate tax matters."We used the firm for tax appeal ... [more]

Weinhold Legal's tax department is headed by Daniel Weinhold who manages a team of two partners and two fee earners.Weinhold and Tillow Hoffman are highly thought of by clients for corporate tax matters "Both are very expert in their affairs. When we ... [more]

See also

Czech Republic
Central and Eastern Europe

Firm contact details