Czech Government Proposes Reduction in Corporate Tax Rate

Czech Government Proposes Reduction in Corporate Tax Rate

May 05, 1999 | By Keith Martin in Washington, DC

The Czech government is proposing to reduce the corporate tax rate from 35% to 33%.

It would also reduce a withholding tax on dividends paid to both resident and nonresident  companies from 25% to 20%. Both changes would be effective next year.