The key items included in the amendment are as follows:

Introduction of the MY taxex (in Czech: MOJE daně) portal

• Planned introduction of electronic tax administration in connection with the launch of the MY taxes portal, which is primarily intended to facilitate communication with the tax administrator and ease the administrative burden.

System change and reduction of sanctions

• The amendment reviews the system of sanctions in the Tax Code and significantly decreases interest rates (late interest, deferred amount interest), in some cases reducing them to half of the current value.

Prepayment for excessive deduction

• The institutes of prepayment for excessive deduction allows for a partial payment of claimed tax deductions; the tax administrator will only retain the portion of deduction which raises doubt.

Change in inspection procedures

• The amendment to the Tax Code simplifies the process of commencement and termination of a tax inspection for tax administrators, allowing them to apply a “correspondence” form of tax inspection to some extent. However, the period for tax assessment is suspended only by the actual start of inspection activities.
• The amendment also allows tax administrators to transfer from the process of elimination of doubts to a tax inspection at any time.

Additional changes

• Other important changes stipulated in the amendment include namely the introduction of an option to waive a penalty for delayed tax statement and determine tax forms through regulations.