Mazars Payroll Newsletter 11/2023 - Newsletter not only about payroll

In 2023, the Czech Government presented its “consolidation” package, which aims to stabilise public finances, on the one hand by increasing some income, on the other hand through state savings (i.e., by cutting national subsidies, reducing the costs of state employees, etc.).

The consolidation package is an amendment to sixty acts and consequentially affects almost everyone who lives, does business or is an employee in the Czech Republic. On Friday, October 13, 2023, after a long debate in the Chamber of Deputies, the consolidation package was approved and the Senate approved it on Wednesday, November 8, 2023. The changes to the acts related to the government's consolidation package are thus awaiting the final signature of the President.

The consolidation package brings a number of changes, such as a change in VAT rates, the real estate tax, an increase in the price of road vignettes, a higher excise tax and more, but we will focus mainly on changes related to wages.

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