The government coalition has preliminarily proposed to reduce the corporate-income-tax rate from the current 31% to 24% in three years (to 28% next year, to 26% in 2005 and to 24% in 2006).
The decrease is higher than previously discussed, which may largely be a reflection of the planned reduction of the corporate-income-tax rate to 20% in neighboring Slovakia.
Jiří Soustružník