Good governance | Council on Czech Competitiveness

Good governance / Legal Reform and Transparency

This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.

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19th August 2020 / Good governance / Legal Reform and Transparency

Has the end come for the real estate transfer tax?

The finance ministry’s bill proposing the abolition of the real estate transfer tax (which is 4% of the total purchase price) passed third reading in the House of Deputies on 8 July 2020.

14th August 2020 / Good governance / Legal Reform and Transparency

Cancelling EU-USA Privacy Shield

The decision of Commission on the adequate level of protection afforded by the EU-US Privacy Shield (so-called Privacy Shield) has been declared invalid by the decision of the European Court of Justice (ECJ) of 16 June 2020, because the US law allows for a comprehensive access by public authorities to personal data and do not provide sufficient protection for the data transmitted or effective legal protection for data subjects.

10th August 2020 / Good governance / Legal Reform and Transparency

AmCham CZ Position on New Construction Act

The strength and swiftness of our recovery from the Covid19 crisis will be determined by how much and how soon business will begin to invest in jobs and production. Government stimulus will help, but the efficiency of government administration is just as important. The construction approval process in the Czech Republic is 156th out of 190 countries in World Bank rankings. Moving to the top third in the rankings would be a major contribution not only to accelerating the recovery, but making it possible for the Czech Republic to become TheCountryfortheFuture.