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Title:
Finance Ministry Proposes New Thin Cap Rules
Author:
Pavel Fekar
Contact Information:
Pavel Fekar
Publication Date:
April
2007
Publication Type:
Article/Book
Practice/Industry:
Banking & Finance ; Tax
Region:
Europe, Middle East & Central Asia
Office:
Prague
Description:
The Czech Ministry of Finance has proposed a gradual decrease in the corporate income tax rate from the current rate of 24 percent to 19 percent in 2010. This decrease is, however, accompanied by several proposals aiming to broaden the income tax base. Besides others, the proposal significantly tightens the thin capitalization rules.
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