Czech Republic: New rules on R&D allowance

The Czech Republic has introduced a new research and development (R&D) allowance.

The new R&D rules include a requirement to notify the tax authority of the intention to claim R&D relief and to file details of the project before the R&D activity commences.

These provisions apply to R&D projects that started on or after April 1, 2019. However, application of the new rules is optional for projects that were initiated in the period between 1 January 2019 and 31 March 2019.