Senát projednal novelu upravující mj. některé daňové otázky

Yesterday, the Senate discussed the proposed law amending certain laws in connection with the adoption of the law on unified monthly employer reporting (Senate Print No. 162), which includes adjustments to several laws, including the Income Tax Act. We previously informed you about the adoption of this amendment by the Chamber of Deputies HERE.

The Senate returned the proposed amendment to the Chamber of Deputies with several amendments; the following are particularly relevant for tax purposes:

• The abolition of the CZK 40 million cap on the exemption of income for individuals from the sale of securities/shares. Conversely, this limit will continue to apply to the exemption of cryptocurrency sales.
• Legislative-technical clarification of the amendment regarding the exemption of employee benefits as specified in § 6 paragraph 9 letter d), specifically the removal of the part of the proposed provision stating "other benefits related to work performance," which some experts considered interpretatively problematic. In our opinion, this clarification does not have a significant impact on the essence of the proposed change.
• Specification of the definition of low-emission vehicles directly in the Income Tax Act (generally, a low-emission vehicle does not exceed a CO2 emission limit of 50 g/km; the law also distinguishes between zero-emission vehicles) with the aim of maintaining the existing tax regime for such vehicles on the employee's side.

We will keep you informed about further developments.

Authors:

Michaela Felcmanová

Adam Linek