New taxation on bonds and coupons: amendment

With reference to our previous newsflash as of 4 January which can be found here, we have been informed that the Czech Parliament has not approved the following section:

Limitation of exemption of income from sale of securities:  The exemption for an individual’s income from the sale of securities (including an equity certificate), or income from a share attributable to a participation certificate in the event of dissolution of the mutual fund, is newly limited to CZK 20 million for one taxation period.

For more detailed information please contact the local Relationship Management Team at   GSS.Relationship.Management@unicreditgroup.cz       

Impact on Clients:  Clients should take note of the non-approval of the above limitation.