Originally, under the Law no. 9/1991 Coll. on the Chamber of Commerce and Industry, membership in the Chamber was obligatory for legal entities and individuals which are entered into the Commercial Register. A change in this law states that membership in the Chamber is now not obligatory, although members are still obliged to pay the amount equivalent to the membership contribution.
In this respect, the Ministry of Finance confirmed that as the members of the Chamber are still obliged to pay the contribution, such a contribution is treated as a tax deductible expense.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Richard Fletcher, Arthur Andersen Prague, tel +42 2 2440 1300 or enter a text search 'Arthur Andersen' and 'Business Monitor'.
In this respect, the Ministry of Finance confirmed that as the members of the Chamber are still obliged to pay the contribution, such a contribution is treated as a tax deductible expense.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Richard Fletcher, Arthur Andersen Prague, tel +42 2 2440 1300 or enter a text search 'Arthur Andersen' and 'Business Monitor'.
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