Income tax levied on legal entities has a linear rate of 39 per cent. Part payments are made over the course of the taxation period with a settlement at its end. Tangible fixed assets can be depreciated in a linear or accelerated manners which, however, are impossible to combine in the course of depreciation. The terms of depreciating these assets range from 4 to 45 years. Real estate tax is levied on land and buildings in the territory of the Czech Republic.
Road tax is imposed only on vehicles used for business purposes.
Vehicles used exclusively for personal purposes are exempt from tax. Tax rates are assessed as annual fixed rates. For passenger cars, the rate depends on cylinder capacity, and for trucks on the number of axles and weight. Death duty and gift tax have a progressive rate ranging from 0.5 to 20 per cent, depending on closeness of kinship. There are also a number of administrative and local fees, most of them being direct.