The Chamber of Deputies approved the tax package for 2021, thus confirming the abolition of the super-gross wage and its replacement by two personal income tax rates of 15 and 23 percent. The tax package was adopted in the Senate form, which at the same time increases the taxpayer's reduction to CZK 27,840 for 2021 and CZK 30,840 for the following year. Other major changes are the introduction of the so-called meal voucher package. In order to maintain the exemption from taxes and levies, the employer will not have to contribute to his employees' meals in the form of meal vouchers, but he can provide the employee directly with a financial contribution up to the amount of the flat rate. Furthermore, the limits for tax depreciation of tangible and intangible assets are changed to CZK 80,000 and the possibility of applying extraordinary depreciation for the 1st and 2nd depreciation groups is introduced. On the other hand, the approved version of the package does not include the abolition of the income tax exemption from the sale of a security exceeding the income of CZK 20 million. This proposal of the Pirate Party was eventually removed from the tax package by the senate.
In order for taxpayers to start complying with the provisions of the tax package from 1 January 2021, it must be published in the Collection of Laws by the end of December this year. The tax package will be presented to the president for his signature. Unfortunately, it is not at all certain from his statement whether the announcement will actually take place by the end of the year. Otherwise, the package would take effect from February 1, 2021
