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Basic Information
Czech Republic –
Your Partner
Ministry of Industry and Trade
www.mpo.cz
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
1
Basic Information
Czech Republic in General
Cultural Heritage
Czech Spas
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© 2009 Ministry of Industry and Trade
13.4.2015
2
Basic Information
Czech Republic in General
Area
Location
Population
Political system
Head of state
Currency
State language
Time zone
Transport
Membership in
organisations
79,000 km2
in the very heart of Europe
10.2 million (94% Czech)
parliamentary democracy
president Václav Klaus
(CZK, koruna)
1 USD = app. 18 CZK;
1 EUR = app. 25.5 CZK
Czech
GMT +1
excellent connection,
5 international airports
IMF, WB, WTO, OECD…
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13.4.2015
3
Basic Information
Cultural Heritage
200 chateaux & castles,
12 UNESCO monuments
historical towns
Telč
Kutná Hora
Lednice
Holašovice
Zelená Hora
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13.4.2015
4
Basic Information
Czech Spas
Czech spa tradition –
over 36 spas
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13.4.2015
5
Macroeconomic Data
Overview of the Czech Economy
Gross Domestic Product
Industrial Output
Inflation
Employment
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© 2009 Ministry of Industry and Trade
13.4.2015
6
Macroeconomic Data
Overview of the Czech Economy…
Main characteristics
High economic growth in recent years – gradual
catch up with the average EU GDP level (77% of EU
27 level in 2008)
Big share of manufacturing sector
Small, open economy
Strong trade and ownership links with EU
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13.4.2015
7
Macroeconomic Data
…Overview of the Czech Economy
Fast and balanced real convergence
Low inflation
External balance – trade surplus and modest current
account deficit
Fiscal prudence – reduced public deficit (1,2% GDP
in 2008), moderated public debt (29,4% GDP)
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13.4.2015
8
Macroeconmic data
Gross Domestic Product..
Peak in the half 2006 (6.9% growth)
Still good results for 2008 with significant
deterioration in 4.Q 2008
2.8% growth in 2008
Czech economy in recession – contracting
in two consecutive quarters: in the forth
quarter 2008 (-0.1% q/q) and in the first
quarter 2009 (-3.4% q/q)
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13.4.2015
9
Basic Information
…Gross Domestic Product
Signs of recovery: 0.1% growth (q/q) in the
second quarter 2009
The outlook for this year is influenced by
weak demand in the euro zone with negative
impact to the Czech exports
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13.4.2015
10
Macroeconomic data
Gross Domestic Product
Gross Domestic Product
(constant prices, y/y change, %)
10
8
6
4
2
-2
2000
2001
2002
2003
2004
2005
2006
2007
2008
1.Q
2.Q
3.Q
4.Q
1.Q
2.Q
3.Q
4.Q
4.Q
1.Q
2.Q
2.Q
3.Q
4.Q
1.Q
2.Q
3.Q
4.Q
1.Q
2.Q
3.Q
4.Q
1.Q
2.Q
3.Q
4.Q
1.Q
1.Q
2.Q
3.Q
3.Q
4.Q
1.Q
2.Q
3.Q
4.Q
1.Q
2.Q
0
2009
-4
-6
-8
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13.4.2015
11
Macroeconomic Data
Gross Domestic Product
Gross Domestic Product in %
(by sectors - 2008)
2,6
24,9
56,6
6,6
1,5
4,8
3
Agriculture
Building Industry
Electricity Production and Distribution
Services
Manufacturing Industry
Mineral Wealth Mining
Tourism
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13.4.2015
12
Macroeconomic Data
Industrial Output
Flat growth in 2008: 0.4% y/y growth
Important share of automotive industry
(23%)
Falling down since October 2008 (in 1st
quarter 2009 -19.1% y/y, in 2nd quarter 2009
-18.8% y/y
New orders falling dramatically down
But signs of stabilisation in recent month
Main reasons - poor external demand,
decreasing domestic demand, slowdown in
private investment
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13.4.2015
13
Macroeconomic Data
Industrial Output
Industrial Production
(y/y changes)
40
30
20
10
-10
2005/ 1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
2006/1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
2007/1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
2008/1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
2009/1.
2.
3.
4.
5.
6.
0
-20
-30
base idices trend (average month 2005=100)
industrial production not SA
industrial production trend
Basic Information • Macroeconomic Data •
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13.4.2015
14
Macroeconomic Data
Industrial Output
New Industrial Orders
(current prices index in %)
120
110,3
110
111,8
109,5
109,3
103,2
105,8
103,5
104,3
100
101,0
104,8
103,7
99,8
99,1
97,2
98,0
93,1
91,7
94,0
91,7
90
87,0
81,981,6
80
81,682,1
79,6
75,9
72,5
75,4
73,472,5
72,6
71,0
73,373,1 73,0
72,2
70
60
1/08
2/08
3/08
4/08
5/08
6/08
total
7/08
8/08
9/08 10/08 11/08 12/08 1/09
2/09
3/09
4/09
5/09
6/09
foreign
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13.4.2015
15
Macroeconomic Data
Inflation
Higher inflation in 2008 - due to
administrative reasons (hike in regulated
prices) and high commodity prices
Decreasing since September 2008
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13.4.2015
16
Macroeconomic Data
Inflation
Consumer Price Index
(Change in %)
108,0
107,0
106,0
105,0
104,0
103,0
102,0
101,0
100,0
99,0
Year-on-year changes
Month-on-month changes
7
5
3
1/2009
11
9
7
5
3
1/2008
11
9
7
5
3
1/2007
11
9
7
5
3
1/2006
98,0
Inflation rate
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13.4.2015
17
Macroeconomic Data
Employment
Positive trend changed at the end of 2008
Since November raising unemployment due
to negative development of the economy
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13.4.2015
18
Macroeconomic Data
Employment
Unemployment Rate
(in %)
10,0
9,0
8,0
7,0
6,0
5,0
4,0
3,0
2,0
1,0
2006
2007
2008
December
November
October
September
August
July
June
May
April
March
February
January
0,0
2009
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13.4.2015
19
Foreign Trade
Overview
Foreign Trade in Current Prices
Foreign Trade by Regions 2008 - USD
Foreign Trade by Regions 2008 - EUR
Foreign Trade by Regions 2009 - USD
Foreign Trade by Regions 2009 - EUR
Exports in 2008 - 2009
Imports in 2008 - 2009
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© 2009 Ministry of Industry and Trade
13.4.2015
20
Foreign Trade
Overview
Still good results for 2008 - 69.4 bill. CZK
(2.7 bill. EUR) trade surplus
Export and import falling down since
October 2008
New foreign orders falling dramatically down
- mainly in the car industry
Main reasons - in the first half of 2008 extremely strong CZK, since the second half
- decreasing external demand
Signs of stabilisation and improving external
demand in recent months
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13.4.2015
21
Foreign Trade
Foreign Trade in Current Prices
Foreign Trade
(current prices, y/y change in %, balance in bill. CZK)
30
20
10
0
4
-10
5
6
7
8
9
10
11
12
1
2
3
2007
4
5
6
7
8
9
10
11
12
1
2008
2
2009
-20
-30
Export
Import
Balance
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13.4.2015
22
Foreign Trade
Foreign Trade by Regions 2008 - USD
Foreign Trade by Regions
(2008 – final data)
Exports
2007
2008
USD mill.
Imports
Index
08/07
2007
2008
USD mill.
Balance
Index
08/07
2007
2008
USD mill.
Total
122 760
146 406
119.26
118 467
142 172
120.01
4 239
4 234
*Developed countries with a market economy
111 821
132 674
118.65
93 891
107 522
114.52
17 930
25 152
**EU countries 27
104 621
124 796
119.28
83 808
95 397
113.83
20 813
29 399
**EFTA countries
2 497
2 765
110.73
1 846
2 443
132.34
651
322
**Other developed countries with a marked economy
4 703
5 113
108.72
8 237
9 682
117.54
-3 534
-4 569
*Developing countries
4 194
4 867
116.05
6 836
8 528
124.75
-2 642
-3 661
*European transition economies
1 297
1 436
110.72
318
479
150.63
979
957
*Commonwealth independent states
4 598
6 284
136.67
7 800
12 627
161.88
-3 202
-6 343
795
846
106.42
9 454
12 717
134.51
-8 659
-11 871
55
299
543.64
168
299
177.98
-113
0
107 727
127 835
118.67
93 131
106 915
114.80
14 596
20 920
*Other*)
*Unspecified
OECD countries
*)China,
North Korea, Cuba, Laos, Mongolia, Vietnam
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13.4.2015
23
Foreign Trade
Foreign Trade by Regions 2008 - EUR
Foreign Trade by Regions
(2008 – final data)
Exports
2007
2008
EUR mill.
Imports
Index
08/07
2007
2008
EUR mill.
Balance
Index
08/07
2007
2008
EUR mill.
Total
89 396
99 247
111.02
86 238
96 533
111.94
3 158
2 714
*Developed countries with a market economy
81 448
89 917
110.40
68 364
72 916
106.66
13 084
17 001
**EU countries 27
76 205
84 569
110.98
61 036
64 653
105.93
15 169
19 916
**EFTA countries
1 816
1 877
103.36
1 343
1 685
125.47
473
192
**Other developed countries with a marked economy
3 427
3 471
101.28
5 985
6 578
109.91
-2 558
-3 107
*Developing countries
3 054
3 309
108.35
4 969
5 821
117.15
-1 915
-2 512
943
977
103.61
232
320
137.93
711
657
3 336
4 274
128.12
5 694
8 567
150.46
-2 358
-4 293
575
574
99.83
6 857
8 706
126.97
-6 282
-8 132
40
196
490.00
122
203
166.39
-82
-7
78 473
86 639
110.41
67 804
72 515
106.95
10 669
14 124
*European transition economies
*Commonwealth independent states
*Other*)
*Unspecified
OECD countries
*)China,
North Korea, Cuba, Laos, Mongolia, Vietnam
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13.4.2015
24
Foreign Trade
Foreign Trade by Regions 2009 - USD
Foreign Trade by Regions
(2009 - preliminary data)
Exports
1-8/2008 1-8/2009
USD mill.
Total
Imports
Index
09/08
1-8/2008 1-8/2009
USD mill.
Balance
Index
09/08
1-8/2008 1-8/2009
USD mill.
103 620
69 660
67.23
99 198
64 581
65.10
4 422
5 079
*Developed countries with a market economy
94 222
63 437
67.33
75 802
49 390
65.16
18 420
14 047
**EU countries 27
88 684
59 480
67.07
67 604
43 391
64.18
21 080
16 089
**EFTA countries
1 926
1 559
80.94
1 468
1 440
98.09
458
119
**Other developed countries with a marked economy
3 612
2 398
66.39
6 730
4 559
67.74
-3 118
-2 161
*Developing countries
3 350
2 800
83.58
5 739
4 277
74.53
-2 389
-1 477
984
547
55.59
391
212
54.22
593
335
4 196
2 359
56.22
8 867
4 295
48.44
-4 671
-1 936
*Other*)
603
485
80.43
8 191
6 170
75.33
-7 588
-5 685
*Unspecified
265
32
12.08
208
237
113.94
57
-205
90 770
61 538
67.80
75 331
49 169
65.27
15 439
12 369
*European transition economies
*Commonwealth independent states
OECD countries
*)China,
North Korea, Cuba, Laos, Mongolia, Vietnam
Source: Czech Statistical Office
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13.4.2015
25
Foreign Trade
Foreign Trade by Regions 2009 - EUR
Foreign Trade by Regions
(2009 - preliminary data)
Exports
1-8/2008 1-8/2009
EUR mill.
Imports
Index
09/08
1-8/2008 1-8/2009
EUR mill.
Balance
Index
09/08
1-8/2008 1-8/2009
EUR mill.
Total
67 554
51 445
76.15
64 666
47 703
73.77
2 888
3 742
*Developed countries with a market economy
61 432
46 858
76.28
49 400
36 457
73.80
12 032
10 401
**EU countries 27
57 819
43 923
75.97
44 060
32 014
72.66
13 759
11 909
**EFTA countries
1 256
1 154
91.88
955
1 068
111.83
301
86
80
2 357
1 781
75.56
4 385
3 375
76.97
-2 028
-1 594
*Developing countries
2 184
2 061
94.37
3 751
3 166
84.40
-1 567
-1 105
642
405
63.08
255
157
61.57
387
248
2 731
1 740
63.71
5 779
3 178
54.99
-3 048
-1 438
*Other*)
394
358
90.86
5 345
4 571
85.52
-4 951
-4 213
*Unspecified
171
23
13.45
136
174
127.94
35
-151
59 179
45 456
76.81
49 099
36 294
73.92
10 080
9 162
*European transition economies
*Commonwealth independent states
OECD countries
*)China,
North Korea, Cuba, Laos, Mongolia, Vietnam
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13.4.2015
26
Foreign Trade
Exports in 2008 – 2009…
Main Trade Partners
2008
% (in CZK)
1-8/2009
USD mill.
EUR mill.
% (in CZK)
USD mill.
EUR mill.
Total exports
100.00
146 406
99 247
Total exports
100.00
69 660
51 445
Europe total
92.63
135 642
91 934
Europe total
92.32
64 306
47 494
Germany
30.71
44 969
30 482
Germany
33.02
23 000
16 988
Slovakia
9.20
13 442
9 132
Slovakia
8.91
6 233
4 592
Poland
6.47
9 502
6 430
Poland
5.87
4 097
3 023
France
5.48
8 028
5 435
France
5.72
3 976
2 939
United Kingdom
4.81
7 039
4 770
United Kingdom
4.82
3 363
2 483
0.77
1 114
760
0.97
671
496
South Africa
0.22
317
214
South Africa
0.22
151
112
Egypt
0.16
231
158
Algeria
0.16
112
84
Algeria
0.06
91
63
Egypt
0.15
107
79
Morocco
0.06
86
58
Libya
0.11
80
58
Libya
0.04
61
41
Morocco
0.07
47
35
Africa total
Africa total
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13.4.2015
27
Foreign Trade
…Exports in 2008 - 2009
Main Trade Partners
2008
% (in CZK)
1-8/2009
USD mill.
EUR mill.
% (in CZK)
USD mill.
EUR mill.
America total
2.47
3 602
2 451
America total
2.49
1 737
1 281
United States
1.75
2 540
1 731
United States
1.56
1 078
800
Brazil
0.22
319
215
Brazil
0.24
169
123
Mexico
0.16
227
154
Argentina
0.21
150
108
Canada
0.13
195
133
Mexico
0.16
112
82
El Salvador
0.04
52
36
Canada
0.12
85
63
3.71
5 402
3 672
Asia total
4.00
2 792
2 060
China
0.53
778
528
China
0.65
456
336
United Arab Emirates
0.44
636
433
India
0.47
330
242
India
0.43
635
425
United Arab Emirates
0.46
321
238
Japan
0.37
550
371
Japan
0.31
214
159
Israel
0.25
361
245
Israel
0.25
176
131
0.24
346
235
0.18
122
90
Australia
0.21
306
207
Australia
0.15
103
76
New Zealand
0.02
34
23
New Zealand
0.03
18
14
Papua New Guinea
0.00
4
2
New Caledonia
0.00
0
0
0.19
299
196
0.05
32
23
Asia total
Australia and Oceania total
Unspecified
Australia and Oceania total
Unspecified
Source: Czech Statistical Office
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13.4.2015
28
Foreign Trade
Imports in 2008 – 2009…
Main Trade Partners
2008
% (in CZK)
1-8/2009
USD mill.
EUR mill.
% (in CZK)
USD mill.
EUR mill.
Total imports
100.00
142 172
96 533
Total imports
100.00
64 581
47 703
Europe total
77.08
109 748
74 420
Europe total
76.25
49 311
36 394
Germany
26.73
38 319
25 814
Germany
26.62
17 247
12 716
Russian Federation
6.43
9 141
6 209
Poland
6.26
4 056
2 991
Poland
5.85
8 341
5 653
Slovakia
5.39
3 494
2 577
Slovakia
5.54
7 886
5 353
Russian Federation
5.34
3 438
2 543
Italy
4.47
6 381
4 318
Italy
4.46
2 879
2 126
0.46
648
443
0.43
276
204
South Africa
0.20
280
190
South Africa
0.19
121
89
Morocco
0.05
73
50
Morocco
0.06
40
30
Egypt
0.03
40
27
Egypt
0.03
22
16
Libya
0.03
33
26
Tunisia
0.03
19
14
Ivory Coast
0.02
35
24
Ivory Coast
0.02
11
8
Africa total
Africa total
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13.4.2015
29
Foreign Trade
…Imports in 2008 - 2009
Main Trade Partners
2008
1-8/2009
% (in CZK)
USD mill.
EUR mill.
% (in CZK)
USD mill.
EUR mill.
America total
3.06
4 336
2 949
America total
3.29
2 115
1 567
United States
2.06
2 927
1 993
United States
2.33
1 498
1 109
Brazil
0.27
383
258
Brazil
0.28
177
132
Canada
0.24
350
237
Canada
0.20
129
96
Mexico
0.19
262
181
Mexico
0.20
128
95
Argentina
0.06
82
55
Costa Rica
0.06
39
28
19.07
26 964
18 397
19.56
12 582
9 318
China
8.83
12 447
8 522
China
9.34
6 004
4 448
Japan
3.32
4 723
3 205
Japan
3.29
2 122
1 570
Azerbaijan
1.10
1 569
1 062
South Korea
1.21
781
578
South Korea
1.06
1 487
1 017
Thailand
1.03
663
492
Taiwan
0.92
1 301
886
Taiwan
0.89
577
426
0.12
177
120
0.09
60
44
Australia
0.11
151
102
Australia
0.08
49
36
New Zealand
0.01
19
13
New Zealand
0.01
9
7
Northern Mariana Isl.
0.00
3
2
USA Minor Outing Isl.
0.00
1
0
0.21
299
203
0.37
237
174
Asia total
Australia and Oceania total
Unspecified
Asia total
Australia and Oceania total
Unspecified
Source: Czech Statistical Office
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
30
Foreign Direct Investment
Inward Foreign Direct Investment
Investment Opportunities - Year 2009
Investment Incentives Scheme
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
© 2009 Ministry of Industry and Trade
13.4.2015
31
Foreign Direct Investment
Inward Foreign Direct Investment
Inflows of FDI (mill. EUR, mill. USD)
14000
7 634
10 731
5 459
1 305
2 101
4 355
7 329
9 374
4 007
4 974
6 296
5641
5404
3718
1 863
2000
3317
4000
4986
5933
6000
6324
8000
8 483
9 012
10000
10 436
11 658
12000
0
1998
1999
2000
2001
2002
2003
EUR
2004
USD
2005
2006
2007
2008
1.Q.
2009
Source: Czech National Bank
Basic Information • Macroeconomic Data •
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13.4.2015
32
Foreign Direct Investment
Investment Opportunities - Year 2009…
Traditional Sectors of Czech Industry
Automotive and Aerospace Industry
Electronics
Precision Engineering
Chemicals and Plastics
Sectors with High Potential for the Future
Nanotechnology
Biotechnology, Life Sciences and Medical Devices
Renewable and Alternative Energy
Basic Information • Macroeconomic Data •
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13.4.2015
33
Foreign Direct Investment
Investment Opportunities - Year 2009…
High-tech services
Information and Communication Technologies,
Software Development
Strategic Services – Shared Service Centres, Expert
and Solution Provider Centres, High-tech Repair
Centres
Research and Development
Innovation Activities and Applied R&D
Basic Information • Macroeconomic Data •
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13.4.2015
34
Foreign Direct Investment
Investment Incentives Scheme
Manufacturing investors meeting the criteria
may currently apply for all or any of the
following incentives:
The corporate income tax relief (full or partial) for a
period of up to five years
Training and retraining subsidies
Job creation grants
Transfer of state-owned land at a discount
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
35
Legislation
Tax System of the Czech Republic
Tax Rates in the Czech Republic
The Main Indirect Taxes
Legal Requirements
Social Security and Health Insurance
Property Market
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
© 2009 Ministry of Industry and Trade
13.4.2015
36
Legislation
Tax System of the Czech Republic
The tax system of the Czech Republic is
similar to other European countries
The corporate income tax has a rate of 20
per cent (2009)
Each taxpayer may choose linear or
accelerated depreciation
The terms of depreciation range from 3 to 50
years
The real estate tax is levied on land and
building
The taxation period is one calendar year
Basic Information • Macroeconomic Data •
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13.4.2015
37
Legislation
Tax Rates in the Czech Republic
Tax
Tax rate
Corporate income tax
26% (2005), 24% (2007), 21% (2008), 20% (2009)
Personal income tax
15%
Value added tax (VAT)
19% (services & goods) or 9% (reduced)
Excise duty
Levied on petrol and petrol derivates, alcohol and tobacco
Road tax
CZK 1 200 (cars) – CZK 50 400 (trucks)
Real estate tax
According to type, location and purpose of use of the real estate
Real estate transfer tax
3%
Inheritance tax & gift tax
Energy tax
Progressive tax rate which ranges from 1% (0.5% for inheritance tax) up
to 40% (up to 20% for inheritance tax)
Levied on supplies of electricity, natural and other gases, and solid fuels
with effect from 1 January 2008
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13.4.2015
38
Legislation
The Main Indirect Taxes…
The VAT has a basic rate of 19% and
reduced rate of 9%
The basic rate is levied on the majority of
goods and services
Exported goods are exempt from tax with
possibility of claiming a VAT refund paid on
input
The tax is paid monthly or quarterly
depending on the turnover of the taxpayer
Excise duties are levied on mineral oils,
liquors, wine, beer and tobacco products
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13.4.2015
39
Legislation
…The Main Indirect Taxes
The tax is paid when goods are released for
consumption, i. e. when they leave a
registered tax warehouse. Excise duty on
tobacco product is paid through buying
stamps.
Basic Information • Macroeconomic Data •
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13.4.2015
40
Legislation
Legal Requirements
Starting up a business
A foreign person‘s authorization to carry on a
business activity on the territory of the Czech
Republic takes effect on the day as of which that
person, or that person‘s organizational component, is
recorded in the (Czech) Commercial Register
Exempt from this are individuals (natural persons)
who have a permanent residential address in a
member state of the European Union
Incorporation or establishment of a Czech legal entity
is another option
Basic Information • Macroeconomic Data •
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13.4.2015
41
Legislation
Social Security and Health Insurance
Contributions
(of gross salary)
Contribution
Health care insurance
Employer (%)
Employee (%)
9.0
4.5
21.5
6.5
Unemployment
1.2
0.0
Sickness and other benefits
2.3
0.0
34.0
11.0
Pensions
Total
Basic Information • Macroeconomic Data •
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Legislation • Anti-recession Measures • Sources
13.4.2015
42
Legislation
Property Market
Office Market
Business and Logistic Parks
(avg rent EUR/m2/month)
(avg rent EUR/m2/month)
Location
Standard A
Standard B
Prague
Prague city centre
18.50 – 20.00
12.50 – 15.00
Inner city
14.50 – 17.00
10.00 – 13.00
Outer city
12.50 – 14.00
8.00 – 13.00
Periphery
9.00 – 12.00
8.00 – 11.00
Brno
11.00 – 13.00
7.00 – 9.00
Plzeň
9.50 – 11.00
5.00 – 6.00
Ostrava
9.50 – 12.00
4.50 – 6.00
Location
Greater Prague location
4.00 – 5.00
Other Location
3.50 –4.50
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
43
Anti-recession Measures
Part one
Part two
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
© 2009 Ministry of Industry and Trade
13.4.2015
44
Anti-recession Measures
Part one
Lower taxes for businesses (corporate tax)
Use of money from reserve funds of
ministries
EGAP (Czech ECA) and Czech Export Bank
facilities support
Support to businesses in agriculture
Increase of the financing of the
infrastructure
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
45
Anti-recession Measures
Part two
Reduction of social insurance contributions
Faster write off periods
Remission of advance income tax payments
for small businesses
Guarantees for loans from CMZRB bank
Thermal insulation for buildings
Investment into R&D
Reduction of administrative loading of
corporate sector
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
46
Sources
Foreign Offices - Investment Support
Sources of Useful Information
The Most Important Websites
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
© 2009 Ministry of Industry and Trade
13.4.2015
47
Sources
Foreign Offices - Investment Support
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
48
Sources
Sources of Useful Information
CzechTrade
www.czechtrade.cz
CzechInvest
www.czechinvest.cz
BusinessInfo.cz
www.businessinfo.cz
Confederation of Industry of the Czech Republic
www.spcr.cz
Economic Chamber of the Czech Republic
www.komora.cz
Basic Information • Macroeconomic Data •
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Legislation • Anti-recession Measures • Sources
13.4.2015
49
Sources
The Most Important Websites…
General information on the
Czech Republic
http://www.czech.cz
Official site for the CR
Portal of the Public
Administration
http://portal.gov.cz
The electronic gateway for
the public administration
and government services
Zlaté stránky
www.zlatestranky.cz
Telephone and companies
directory
Iuridica
http://iuridica.eunet.cz
Legal services in the Czech
Republic
Czech National Bank
www.cnb.cz
Monetary, financial and
macroeconomic data
Prague Stock Exchange
www.pse.cz
Prague Stock Exchange
data
The Industrial Property Office
www.upv.cz
Norms, Patents and
Standards
Basic Information • Macroeconomic Data •
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Legislation • Anti-recession Measures • Sources
13.4.2015
50
Sources
…the Most Important Websites
The Grant Agency of the Czech
Republic
www.gacr.cz
Awards grants to the best
project of basic research in all
branches of science
The Register of Advertising
Agencies
www.registrra.cz/rra
Expert assistance in choosing
and working with advertising
and communication agencies
in the CR
CzechTourism
www.czechtourism.com Official travel site of the Czech
Republic
Portal of the Regional
Information Service
www.risy.cz
Information Website on the
regions
Portal of the Czech Judiciary
www.justice.cz
Course of legal proceedings
Basic Information • Macroeconomic Data •
Foreign Trade • Foreign Direct Investment
Legislation • Anti-recession Measures • Sources
13.4.2015
51
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