TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Czech Republic becomes latest EU state to announce digital tax plans

Following in the footsteps of France, Austria, Italy, the UK and Spain, the Czech Republic recently announced plans to introduce a digital tax. The rate of 7 percent will be the highest tax on the digital sector in the EU to date.

The Czech digital tax will apply to companies with a global turnover exceeding €750 million who are engaged in digital activities in the Czech Republic such as digital advertising. Draft legislation is expected by the end of May 2019 and the digital tax may be in place by 2020.