Czech Republic

From 2021, a number of changes have been introduced to mitigate the financial effect of COVID-19, such as a new possibility to carry back tax losses for two years or acceleration of tax depreciation of certain assets. 

Interest income from bonds issued by Czech taxpayers abroad (e.g. on foreign financial markets) after 31 December 2021 will no longer be exempt from withholding tax (WHT). On the other hand, interest income from any governmental bonds issued by the Czech government and other European Union (EU) member states after 31 December 2020 will newly be tax exempt.