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New Tax Rates
( 17 / December / 2007 )
From January 1st 2008, the new Czech corporate tax rate is 21%, replacing the 2007 corporate tax rate of 24%. The Czech corporate tax rate would go down to 20% in 2009 and 19% in 2010.
The new income tax rate for individuals as of January 2008 is a flat 15% rate, replacing the progressive rates (12%, 19%, 25% and 32%). The 15% flat rate would be reduced to 12.5% from 2009.
In 2008 the standard Czech VAT rate remains 19%, while the reduced VAT rate is 9% (previously 5%).