The government of the Czech Republic issued a draft law Wednesday to implement the new 15% global minimum tax starting in 2024.
The new levy, imposed by Pillar Two of the 2021 OECD global tax agreement, taxes large companies at a rate of at least 15% no matter where their businesses or profits are located. The tax is “an important step towards ensuring fair and balanced taxation in our country,” Zbynek Stanjura, the Czech finance minister, said in a statement.
- The draft law must be discussed by both chambers of the Czech parliament and signed by the Czech ...