The government on Monday passed the 2020 draft budget framework and a medium-term outlook for 2021 and 2022 with the planned 40-billion-crown deficit in all three years. In 2020, the Czech Republic is expected to register a revenue of 1,558.1 billion crowns and expenditure of 1,598.1 billion crowns, with a deficit of 40 billion ...
The Czech government unveiled plans on Monday to maintain a 40 billion crown ($1.73 billion) central government budget deficit in 2020, sticking to its past target despite a slowing economy and growing spending commitments. Czech Prime Minister Andrej Babis said on Monday there was no reason to worry about the economy slowing down and ...
The Czech government aims to obtain much more revenue in taxation from the likes of Google and Facebook, Hospodářské noviny reported on Thursday. Under a planned new digital tax scheme, the huge multinationals would be forced to pay taxes in the place they make earnings, in this case the Czech Republic, the business daily said. ...
The Czech government is planning to prop up state budget revenues by introducing a special tax on multinationals, Prime Minister Andrej Babis was quoted by a daily newspaper as saying on Saturday. Its central budget plans for this year and next show expected deficits of 40 billion crowns ($1.76 billion), or 0.8 percent of ...
The Czech Republic’s unions have come out strongly against the minister of finance’s plans to make some 10 percent of state employees redundant as a cost-saving measure. Union leaders say the idea will impact the quality of public services – and are threatening action. The minister of finance, Alena Schillerová, recently revealed a plan ...
The Czech economy has been thriving on many fronts in recent times. However, with growth slowing the prime minister and minister of finance are planning major cuts next year that should impact all government departments. The minister of finance, Alena Schillerová, and the prime minister, Andrej Babiš, both from the ANO party, have been ...
The European Council on Tuesday approved a proposal that will allow EU member states that have a problem with carousel tax fraud to apply a generalized reversal of VAT liability. This is something Czech Prime Minister Andrej Babiš has fought for for four and a half years on the argument that use of reverse charge ...
Prague, Sept 11 (CTK) – The Czech opposition Pirates today called on the cabinet to draft an analysis of the financial sum churches are receiving within restitution and the lower house should interrupt its debate on the sum’s taxation pending the analysis, Pirate MPs’ group head Jakub Michalek has said. The Chamber of Deputies ...
Prague, Sept 4 (CTK) – The European Union funds absorption in the Czech Republic has accelerated over the past few months, however, there are still issues concerning the Operational Programme Enterprise and Innovation for Competitiveness, Finance Minister Alena Schillerova told journalists before today’s government meeting. The programme is managed by the Industry and Trade ...
