Lower house passes amendment to income tax bill

24-09-2014

The lower house of Parliament on Wednesday passed an amendment to the income tax bill, raising tax relief for the second child and following children. The amendment also reintroduces relief for working pensioners and reduces it for the self-employed by curbing their automatic write-offs of tax against expenses. The draft bill also reimposes tax on payments to of pensioners who earn more than CZK 840.000 a year from work. The bill will now be discussed by the Senate. If passed and signed by president Miloš Zeman, it will take effect next year.