The Czech Republic, a landlocked country in Central Europe, is bordered by Poland to the north, Germany to the west, Austria to the south, and Slovakia to the east. It is divided into 14 regions, with Prague as the capital. The official language of the Czech Republic is Czech, and the currency is the Czech koruna (CZK).
The Czech Republic split from Slovakia on 1 January 1993 and is now one of the most stable and prosperous countries in Central and Eastern Europe. The Czech Republic is a member of the Organisation for Economic Co-operation and Development (OECD) (from 1995), the European Union (EU) (from 2004), and the North Atlantic Treaty Organization (NATO) (from 1999).
Maintaining an open investment climate has been a key element of the Czech Republic's transition to a functioning market economy. As a member of the European Union, with an advantageous location in the centre of Europe, a relatively low cost structure, and a well-qualified labour force, the Czech Republic is an attractive destination for foreign investment. Prior to its EU accession in 2004, the Czech government harmonised its laws and regulations with those of the European Union. In 2018, the economic growth was 2.9%. The conservative Czech financial system remained healthy and stable throughout 2019.
PwC Czech Republic employs more than 1,300 employees and 24 partners. Our tax practice focuses on corporate tax services, international assignment services, indirect tax services, tax compliance and accounting service, immigration services, and legal services.