Czech Republic

From 2023, a windfall tax applies to large banks, and energy companies which means 60 % corporate income tax surcharge will apply to the excess profit of the qualifying companies over their average past profit. The windfall tax should be in place for 3 years.

During 2023, the Czech Republic is obliged to implement the EU directive ensuring a minimum level of
15 % effective taxation for enterprises that are members of large multinational groups operated in the EU
(also known as Pillar 2). The global anti-base-erosion (GLOBE) rules should apply from 2024 with the back stop rule coming into effect from 2025.