Real-Estate Tax in the Czech Republic

Abstract

The article describes the system of taxation of real-estate in the Czech Republic. It deals with the
structural elements of the real-estate taxes (land tax, buildings tax, flats and non-residential premises tax) as
are set in Act no. 338/1992 Coll., Real-Estate Tax Act, as amended. The system used for taxation of realestate
in the Czech Republic is quite archaic and it needs revision. Even there are several groups asking to
abandon the real-estate tax, I believe it is useful tax especially for municipalities as the beneficiaries of the
tax income. That is why we must thing about the revision: what will be the tax base, what will be the tax rate,
who will administer the real-estate tax. The answers at these questions are presented in the following article.