Act No. 17 / 2000 Coll.
Act amending Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and amending Act No. 586 / 1992 Coll., on Income Tax, as amended
Valid
Effective from 01.04.2000
17
THE LAW
of 12 January 2000
amending Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and amending Act No. 586 / 1992 Coll., on Income Tax, as amended
Parliament has decided on this law of the Czech Republic:
Amendment of the Income Tax Act
Act No. 586 / 1992 Coll., on Income Taxes, as amended by Act No. 35 / 1993 Coll., Act No. 96 / 1993 Coll., Act No. 157 / 1993 Coll., Act No. 196 / 1993 Coll., Act No. 168 / 1993 Coll., Act No. 42 / 1994 Coll., Act No. 130 / 1994 Coll., Act No. 140 / 1997 Coll., Act No. 248 / 1995 Coll., Act No. 111 / 1998 Coll., Act No. 149 / 1995 Coll., Act No. 18 / 1997 Coll., Act No. 151 / 1997 Coll., Act No. 118 / 1995 Coll., Act No. 209 / 1997 Coll., Act No. 210 / 1997 Coll., Act No. 248 / 1995 Coll.
1. In the second sentence of Paragraph 15 (2), the words "referred to in the first sentence 'shall be deleted.
2. In the first sentence of Article 16 (2), "25% 'is replaced by" 15%'.
3. In Paragraph 21 (4), "25% 'is replaced by" 15%';
4. Paragraph 36 (1) reads as follows:
"(1) The specific rate of income tax accruing from resources within the territory of the Czech Republic for taxpayers referred to in Sections 2 (3) and 17 (4), with the exception of permanent establishments (Sections 22 (2) and (3)) shall be:
(a) 25%;
1. on the income referred to in § 22 (1) (c), (f) and (g) (1), (2) and (6), with the exception of revenue for which a specific tax rate is fixed in paragraph 2 (c) and (d),
2. rental income [Paragraph 22 (1) (g) (5)] with the exception referred to in point (c);
(b) 15%
1. the revenue referred to in § 22 (1) (g) (3) and (4),
2. of the share attributable to the share certificate at the time of the cancellation of the holding fund, 34c) reduced by the purchase price 20) of the share certificate.
Individual income from the share of the settlement or the share of the balance of the liquidation or similar transactions shall be reduced by the acquisition price of the share in the company or cooperative. The amounts used for profits after tax shall also be considered as profit shares to increase the contribution of a shareholder in a public limited company, a shareholder in a limited liability company, a commanditist in a limited company or an increase in the member's contribution of a cooperative, with the exception of an increase in the contribution of a shareholder on the basis of an increase in the share capital of a limited company or a public limited company, 35)
(c) 1% of the rent for the financial lease, followed by the purchase of the hired item. ';
5. In the second sentence of Paragraph 36 (3), the words "for revenue referred to in paragraph 2 (a) (1) and (5) 'are deleted.
6. In Article 36 (4) and (5), the words "paragraph 2 (a) 'and" paragraph 2' are deleted.
7. In the first sentence of Paragraph 38d (2), the words "paragraph 2 (a) (2) to (4) 'are deleted.
Transitional provision
The current provisions and provisions of Article IV of this Act and Article III of Law No 129 / 1999 Coll. apply for the first time for the tax period 2000.
Efficacy
This Act shall take effect on 1 April 2000.
Klaus v. r.
Havel v. r.
Zeman v. r.
Contents
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Regulation Information
| Citation | Act No. 17 / 2000 Coll., amending Act No. 588 / 1992 Coll., on Value Added Tax, as amended, and amending Act No. 586 / 1992 Coll., on Income Tax, as amended |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.02.2000 |
|---|---|
| Effective from | 01.04.2000 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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