Czech Republic reduces digital tax to 5%

The Czech government approved on 18 November 2019 a 7% digital tax proposal on digital firms with global revenue over 750 million euros ($853 million) annually. However, on 10 June 2020, The Czech Republic’s ruling parties agree to cut the rate of the proposed digital services tax to 5%. Also, The two ruling parties agree to delay the tax’s effective date until Jan. 1, 2021. Originally, the effective date is the 15th date after the official publication.
 

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