Competitiveness
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
Liberal Aid Package No. 2 ENG version
Grant Thornton would like to inform you that the Government of the Czech Republic approved the bill of the Ministry of Finance this week to adopt further tax measures in connection with the extraordinary event caused by the spread of the coronavirus (so-called Liberal Aid Package No. 2). We briefly present the individual proposed measures in the following summary:
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The government has approved a second Tax Liberation Package
In view of the current situation, the Ministry of Finance has extended the Tax Liberation Package with further measures. It waives the obligation to pay advance payments for PIT and CIT due in June 2020. With regard to income tax, it also introduces the "loss carryback" measure for 2020, whereby it will be possible to apply the tax loss for the current year retrospectively in the tax returns for 2019 and 2018.
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Virtual School Experience
With our campuses now closed, we want to reassure our families that, until we re-open, we continue to offer a high quality, age-appropriate education from Prague British International School through our Nord Anglia Virtual School Experience. We shared a parents’ guide to helping our families get the most out of their child’s Nord Anglia Virtual School Experience and we would like to share it with your community too.
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