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CR reacts to decreased investment public support

18.12.2013

The Ministry of Industry has nearly finished an amendment to the Investment Public Support Act. 

Reacting to a support decrease from 40% to 25% for all regions, the state is to extend the current incentives, i.e. income tax discount, subsidy per created job, training, advantaged territory transfer, by the option to decrease payments from the wage bill and use the property tax exemption. Hereby the competitive disadvantage will be partly reduced compared to Poland, Hungary, and Slovakia where investment support is still up to 40%.

Source: GovDaily.cz (english version)
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