Novela zakona o investicnich pobidkach miri do 3 cteni

Amendment to the Investment Incentives Act goes to the 3rd reading

The Chamber of Deputies has taken another step towards the approval of the amendment to the Investment Incentives Act, which we informed you about HERE. The 2nd reading took place last week and the next discussion is scheduled for the end of September.

We would like to remind you that the amendment to the Investment Incentives Act should abolish the obligation to submit every application for an investment incentive to the government for consideration, so the decision should be made again by the Ministry of Industry and Trade on the basis of the opinions of the ministries concerned. Only applications relating to strategic investments, i.e. investment projects where material support is provided for the acquisition of tangible and intangible fixed assets, should continue to be submitted to the Government.

One of the amendments under discussion is, among other things, the possibility to apply the amended law to applications submitted before the amendment takes effect if they have not been decided by then, which could increase the success rate of applicants for investment incentives.

If you have any questions on the topic of investment incentives, please contact the authors of this article or the EY advisory team with whom you usually work.

Authors:

Martin Hladký

Veronika Kruttová