The Prague Business Journal has reported that regions through Czechoslovakia are set to receive 3.1 per cent of gross tax revenues next year which amounts to around CZK 12 billion.
The Senate made its decision last week during a debate over a controversial bill allocating tax revenues. The government wanted to grant the regions only 2.52 per cent of its tax revenue which was half the percentage they had asked for. The ruling also exempts local authorities from having to pay property tax on their buildings.
Valid for just one year, the 3.1 per cent allocation will be amended after the abolition of district offices.
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