Czech Republic: ODS' Stanjura plans no tax hikes, removal of almost all subsides

Personal income tax cut from late 2020 likely to remain permanent

Stanjura is firmly against Pirates/STAN proposal for a 2pp corporate income tax hike, doesn't see much point in digital tax

Excise tax on tobacco is to keep rising until it reaches EU minimum

Stanjura proposes a "tax brake", putting a cap on the overall tax burden

Pensions not to rise faster than legally mandated, almost all state subsidies to be eliminated

ODS is behind higher education spending, wants to bring defence spending to 2% of GDP

We expect not all of these proposals to pass, but we believe fiscal stance of new government will become a lot tighter