One of the breakthrough innovations within the so-called consolidation package is the proposed taxation of income from the sale of business shares, securities and commercial papers over CZK 40 million, despite meeting the time test (5 years for shares in business, 3 years for securities). Originally, this change was to be applied to all income arising out from 1 January 2024. As a part of the amendment proposal, the effectiveness of this provision is to be postponed until 1 January 2025.

At the moment, the so-called consolidation package is the subject of legislative process, therefore it is possible that its final form will still undergo changes.

We will, of course, inform you about further developments in due course.