Research and Development

Act 669/2004 Collection, with the effect from January 1st 2005 Act No. 586/1992 Collection, about Income Tax, as amended (Law on Income Tax – ZDP), was supplemented by the provisions of § 34 paragraph 4 and 5, according to which a taxpayer may deduct from the tax base of income 100% of expenses incurred in the implementation of research and development. In practice this means that a taxpayer can use the research and development expenses as a deductible in accounting and in the calculations of the tax base.

The Chamber of Tax Advisors of the Czech Republic, in cooperation with the Council for Research and Development Government, held a trial run of the certification training with the goal to create conditions for a realistic application of the above deduction. The content of the training was prepared so that the graduates were theoretically prepared and able to classify specific practical situations and research and development projects in accordance to the Act 130/2002 Coll., about the support of research and development, as a substantively legal prerequisite for the application of § 34 paragraph 4 and 5 Law on Income Tax (ZDP).

Ing. Jaroslav Prochazka successfully finished this training. Therefore, we can to offer you expert services in the application of the costs for research and development as deductible items § 34, paragraph 4 and 5 Law on IncomeTax (ZDP).