Czech President Signs Tax Reform Package into Law

Czech President Miloš Zeman has reportedly signed into law a tax reform package (Bill No. 873) passed by parliament in April that includes a number of amendments to Czech tax law in the areas of income tax, value added tax, and others. Main amendments include:

• Certain asset depreciation rules are changed, including a change in the depreciation of intangible assets to a straight-line basis using net book values, and allowing the depreciation of technical improvements by sub-lessees;
• Anti-avoi…