On August 28, 2024, the Czech Republic issued amendments to draft law no. 595/24 (originally issued in April 2024) to amend Act No. 416/2023 implementing the EU Minimum Tax Directive in the Czech Republic.

Analysis of the Pillar Two GloBE rules in the Czech republic, updated for the April 26, 2024, draft law to reflect various aspects of the OECD Administrative Guidance (particularly the December 2023 amendments).

On December 1, 2023, the Czech Parliament approved the Draft Top-up Tax Act to give effect to the GloBE rules.
There were limited amendments to the draft law during the parliamentary process (including the inclusion of the QDMTT and Transitional UTPR Safe Harbour, and other key aspects of the July 2023 Administrative Guidance, such as the rules for transferable tax credits).

On May 15, 2023, the Czech Republic issued the Draft Top-up Tax Act, (along with Explanatory Notes) to give effect to the GloBE rules,