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Czech authorities plan focus on auto and pharma companies

March 30, 2011

Sophie Ashley - TPW

The Czech Republic is to set up a new specialised tax authority, for enterprises whose annual turnover is more than CZK2 billion ($115 million).

The specialised division, which will be part of a restructuring of the Czech Republic’s tax administration, to be implemented in January 2012, promises more scrutiny for multinationals, supporting a global trend for increased audit activity.

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