Grants & Incentives news
22.04.2015Company: Deloitte
Visegrád Four (V4) + Japan. The Amendment to the Investment Incentives Act.
On 22 January 2015, the Ministry of Education, Youth and Sports, in collaboration with other institutions, published a call for submitting projects in the format V4 + Japan. The programme supports international cooperation projects covering Japan and two or more V4 countries (the Czech Republic, Hungary, Poland and Slovakia).
The table below includes the basic information on the call for V4 + Japan.
The Amendment to the Investment Incentives Act
The Governmental Proposal of the Amendment to the Investment Incentives Act was Passed by the Senate of the Parliament of the Czech Republic on 19 March 2015 and handed over to the Czech President. On 19 March 2015, the Senate of the Parliament of the Czech Republic passed the governmental proposal of the amendment to the Investment Incentives Act. The amendment proposed by the government was handed over to the Czech President. The amendment is expected to become effective on 1 May 2015.
Significant changes to the act include the proposal for changing the calculation method of the fixed tax liability on investment incentives for new brownfield projects. Other important changes proposed involve creating special economic zones with a new form of public aid – exemption from real estate tax. There was also a reduction in the penalties for non-compliance with the conditions stipulated in the Income Tax Act for holders of investment incentives.
