Zeman signs into law abolition of real estate acquisition tax

President Miloš Zeman has signed into law a bill abolishing the Czech Republic’s real estate acquisition tax, his spokesperson said. In recent years the 4-percent tax paid by the buyer of property brought CZK 13 billion into the state coffers, the Czech News Agency said.

The minister of finance, Alena Schillerová, had earlier said that the tax would in fact be abolished retroactively from the end of March as the deadline for paying the tax had been postponed to the end of August in view of the coronavirus crisis. If somebody paid it, the money will be returned.