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New rules partly ease pressure facing lessors
The most important changes that will become effective in 2008 and beyond, and that will most significantly influence the tax environment in the Czech economy, is the reduction in the rate of corporate income tax It will drop to 21 per cent in 2008, to 20 per cent in 2009 and to 19 per cent in 2010.A flat personal-tax rate of 15 per cent has been introduced in 2008.This will drop to 12.5 per cent in 2009.
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