Competitiveness / Tax & Finance
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
Czechs will Spend 174 Days Working to Pay Taxes as this Year’s Tax Freedom Day Falls on 23 June
This year, taxpayers in the Czech Republic will spend 174 days working to pay taxes, which is one day fewer than last year. According to Deloitte’s calculations, Tax Freedom Day will fall on 23 June 2019. Approximately the same as in the Czech Republic will apply to Germany and Slovenia. Taxpayers will have to spend the most days paying taxes to the government in France, while the fewest in Romania and Bulgaria.
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EY: Every third Czech would happily switch to a competitor offering better online financial services. Are banks ready for the digital banking revolution?
Banks aren’t innovative enough and are losing touch with clients
More than half of Czechs with a mortgage took it out somewhere other than their primary bank
A quarter of clients wouldn't hesitate to share more personal information with a financial services provider in exchange for better customized services
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Crowdberry: Crowdinvesting: invest, co-own and build global leaders out of Slovakia and Czech Republic
Crowdfunding has become increasingly popular over the past decade, yet it has been with us for centuries. The Statue of liberty in New York or the Czech National Theatre are both examples where communities funded an idea or a project. The latest innovation in crowdfunding is equity crowd investing allowing investors to invest in and own a share in privately held companies or real estate.
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The Ministry of Finance presents tax update to AmCham members
On October 4, the AmCham hosted a tax policy roundtable with Stanislav Kouba, a director of Income Tax Department from the Ministry of Finance. Mr Kouba presented tax update on the digital economy, research and development tax allowance and new tax tool – tax data information box (daňová informační schránka). What is a stance of the Czech Republic, particularly the Ministry of Finance, toward taxation of the digital economy? Does the Czech Republic take into account (rather restrained) attitudes of other EU member states? How could the system of tax data information box be enhanced? Is it possible to facilitate procedure of the research project submission in advance to apply for the tax allowance support?
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