Chapter 7: Czech Republic (Taxation of Companies in Economic and Financial Distress)
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| Year of publication | 2023 |
| Type | Chapter of a book |
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| Description | The chapter of the book focused on the Czech Republic deals with the impairment of loans and other commercial receivables, the corporate tax treatment of losses, capital injections, tax deferrals, and the liability to pay taxes. The analysis is based on the assumption that changes to what normally applies in the tax system to support companies in distress must be justified with good reasons in order to be legitimate. An example is the ability-to-pay principle. However, the ability-to-pay principle must be balanced with the goal of an efficient and fair tax system. |
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