According to recent political discussions, an increase in current tax liabilities seems to be unavoidable. All alternatives are still open. The Finance Minister Ivan Pilip believes the best option would be a combination of increases in personal income tax and excise taxes.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

You may also wish to read through related material on the Czech Republic provided by Arthur Andersen. You can view the entire archive via the Internet on Business Monitor Online (http://www.businessmonitor.co.uk), or via your online provider by entering "Arthur Andersen" and "Business Monitor" as a free text search.