Novela zákona o investičních pobídkách schválena vládou

Amendment to the Investment Incentives Act approved by the Government

We have already informed you in detail about the forthcoming amendment to the Investment Incentives Act and the relevant implementing regulation in our February Tax News and summarised the main parameters in a recent alert. The government approved the amendment on Wednesday this week and the material will be referred to Parliament for discussion.

The amendment to the Investment Incentives Act should speed up the approval of investment incentive applications. The support should be focused on projects that will contribute to meeting the energy goals of the Czech economy and the energy self-sufficiency of the Czech Republic, and on projects with higher added value.

The new rules will come into effect in the second half of 2023 at the earliest, but more realistically from 2024.

If you have any questions about the content of the amendment and the related implementing regulation, including their potential practical implications for applicants for investment incentives, please contact the authors of this article or the EY advisory team with whom you usually cooperate.

Author:

Martin Hladký

Veronika Kruttová