Czech Senate approves higher tax revenues for municipalities
The Czech Senate almost unanimously approved an amendment to the law on the budget’s tax allocation, according to which municipalities will get additional 4.6 billion crowns from tax revenues next year.
The bill, which will be advantageous mainly for smaller towns and villages, is yet to be signed by President Vaclav Klaus into law.
Finance Minister Miroslav Kalousek (Christian Democrats, KDU-CSL) said the amendment was to remove high differences in the municipalities’ incomes given mainly connected with the number of their inhabitants.
He added that the situation of a crushing majority of towns and villages would remained the same, while in some cases it would improve.
Kalousek recalled that his ministry had already started to work on a new bill on the allocation of tax revenues with representatives of towns and villages.
He said he preferred making a firm and permanent agreement to a premature decision, and consequently the new legislation could take effect in two years only, probably as of January 1, 2010.
($1=17.828 crowns)
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