Act No. 450 / 2020 Coll.
Act amending Act No. 72 / 2000 Coll., on Investment Incentives and on the amendment of certain laws (Act on Investment Incentives), as amended, and Act No. 586 / 1992 Coll., on Income Tax, as amended
Valid
Law
Effective from 03.11.2020
Text versions:
03.11.2020
02.11.2020
450
THE LAW
of 29 October 2020
amending Act No 72 / 2000 Coll., on investment incentives and amending certain laws (Act on investment incentives), as amended, and Act No 586 / 1992 Coll., on income taxes, as amended
Parliament has decided on this law of the Czech Republic:
Amendment to the Investment Incentives Act
Act No. 72 / 2000 Coll., on investment incentives and amending certain laws (Act on investment incentives), as amended by Act No. 453 / 2001 Coll., Act No. 320 / 2002 Coll., Act No. 19 / 2004 Coll., Act No. 436 / 2004 Coll., Act No. 62 / 2005 Coll., Act No. 443 / 2005 Coll., Act No. 159 / 2007 Coll., Act No. 73 / 2011 Coll., Act No. 457 / 2011 Coll., Act No. 192 / 2012 Coll., Act No. 407 / 2012 Coll., Act No. 84 / 2015 Coll., and Act No. 210 / 2019 Coll., is amended as follows:
1. In Article 2, the following paragraph 7 is added:
"(7) At the request of the beneficiary of an investment incentive that demonstrates that, as a result of the spread of the disease COVID-19, it cannot fulfil the general conditions within the time limits set out in paragraph 3 (a), (b) or (c), the Ministry may extend the period referred to in paragraph 3 by a maximum of 2 years. The application shall be lodged at least 30 days before the expiry of the period referred to in paragraph 3. ';
2. in Paragraph 6a (7) (a), "4" is replaced by "5."
3. In Article 7 (3), the words "or 5 years after the date of the decision on the commitment, if the deadline referred to in Article 2 (7) has been extended 'shall be added after the words" the decision on the commitment'.
4. In the second sentence of Article 7 (4), the words "or, if the period referred to in Article 2 (7) has been extended, 10 years after the date of the decision on the commitment 'shall be added after the words" the decision on the commitment'.
Transitional provisions
1. Paragraph 2 (7) of Act No. 72 / 2000 Coll., as effective from the date of the entry into force of the Act, shall apply mutatis mutandis to the recipients of the investment incentive, which was given a decision on the promise of an investment incentive before the date of entry into force of the Act.
2. The period referred to in § 6a (7) (a) of Act No 72 / 2000 Coll., as effective from the date of entry into force of this Act, shall also apply to the recipients of the investment incentive in the form of material aid the acquisition of the long-term tangible and intangible assets for a strategic investment operation for which the period referred to in § 6a (7) (a) of Act No 72 / 2000 Coll., as effective before the date of entry into force of this Act, has not expired before the date of entry into force of this Act.
Amendment of the Income Tax Act
Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 2004, Act No. 5 / 1999, Act No. 5 / 2004, Act No. 5 / 1999, Act No. 5 / 2004, Act No. 5, Act No. 6 / 1999, Act No. 5, Act No. 5, Act No. 96, Act No. 5 / 1999, Act No. 96, Act No. 5, Act No. 96, Act No. 5, Act No. 5 / 2004, Act No. 5, Act No. 2004, Act No. 2004, Act No. 6, Act No. 2004, Act No. 2004, Act No. 1999, Act No. 2004, Act No. 2004, Act No. 5, Act No. 2004, Act No. 2004, No.
1. In Paragraph 35a, the sentence "If the time limit for the fulfilment of the general conditions under the special legislature67 has been extended at the end of paragraph 3, the first tax period for which the tax reduction may be applied shall be at the latest the tax period in which the extended period has expired. '
2. In Paragraph 35b, the sentence "If the time limit for the fulfilment of the general conditions under the special legislature67 has been extended at the end of paragraph 4, the first tax period for which the tax rebate may be applied shall be at the latest the tax period in which the extended period has expired. '
Transitional provision
Paragraph 35a (3), second sentence, and § 35b (4), second sentence, of Act No. 586 / 1992 Coll., as effective from the date of entry into force of this Act, shall also apply to taxpayers who have been given an investment incentive promise under the Investment Incentives Act before the date of entry into force of this Act.
EFFECTIVE
This Act shall take effect on the day following its publication.
Vondracek v. r.
Zeman v. r.
Babiš v. r.
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Regulation Information
| Citation | Act No. 450 / 2020 Coll., amending Act No. 72 / 2000 Coll., on investment incentives and amending certain laws (Act on investment incentives), as amended, and Act No. 586 / 1992 Coll., on Income Tax, as amended |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 02.11.2020 |
|---|---|
| Effective from | 03.11.2020 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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