Czech Republic


  • 27-May-2015

    English

    The Global Forum released new compliance ratings on tax transparency

    The Global Forum on Transparency and Exchange of Information for Tax Purposes published today new peer review reports for the Czech Republic, Kazakhstan and Morocco.

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  • 26-May-2015

    English

    Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Czech Republic 2015 - Phase 2: Implementation of the Standard in Practice

    This report contains the 2014 “Phase 2: Implementation of the Standards in Practice” Global Forum review of Czech Republic.

    The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 120 jurisdictions which participate in the work of the Global Forum on an equal footing.

    The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention.

    The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. “Fishing expeditions” are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard.

    All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.

  • 14-April-2015

    English, PDF, 404kb

    Taxing Wages: Key findings for Czech Republic

    The Czech Republic has the 8th highest tax wedge among the 34 OECD member countries. The average single worker in the Czech Republic faced a tax wedge of 42.6% in 2014 compared with the OECD average of 36.0%.

  • 10-December-2014

    English, PDF, 404kb

    Key findings for Czech Republic: OECD Revenue Statistics and Consumption Tax Trends 2014

    The tax burden in the Czech Republic increased by 0.3 percentage points from 33.8% to 34.1% in 2013. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Czech standard VAT rate is 21%, which is above the OECD average. The average VAT/GST rate in the OECD was 19.1% on 1 January 2014.

  • 5-April-2012

    English

    Tax evasion: Pressure to end tax evasion grows as the Global Forum publishes new reviews

    The Global Forum on Transparency and Exchange of Information for Tax Purposes has just completed peer reviews of 11 jurisdictions. This brings to 70 the number of peer review reports completed since March 2010.

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  • 5-April-2012

    English

    Peer Review Report of Czech Republic - Phase 1: Legal and Regulatory Framework

    This report summarises the legal and regulatory framework for transparency and exchange of information for tax purposes in Czech Republic.

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  • 2-January-2012

    English

    Public spending efficiency in the Czech Republic: fiscal policy framework and the main spending areas of pensions and healthcare

    The Czech fiscal position is generally sound and policy making is prudent. However, the fiscal framework was not strong enough to contain spending in the upturn and it would benefit from independent budget oversight.

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  • 20-April-2010

    English

    Further Advancing Pro-Growth Tax and Benefit Reform in the Czech Republic

    In 2008, the Czech government implemented a major overhaul of the personal income tax (PIT), replacing the previous progressive rate schedule with a single 15% rate levied on an enlarged base.

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