The Chamber of Deputies has approved an amendment to the VAT Act changing e-commerce rules. The Ministry of Finance has again extended the waiver of VAT on the supplies of respirators. And the Court of Justice of the EU has issued a decision that might result in changes in the practical approach to selling extended warranties in the Czech Republic. You can read not only about this in the latest VAT news.
What news is brought to e-commerce by an amendment to the VAT Act approved by the Chamber of Deputies and currently forwarded to the Senate? How did the General Finance Directorate comment on the reciprocal recognition of VAT refunds between the Czech Republic and the United Kingdom? Which cases were decided on by the Court of Justice of the European Union? This and more is discussed in the VAT News.
The amendment to the VAT Act, which should change the rules for mail orders of goods within the EU, has not been presented in the Senate yet. Until the year-end, it will be possible to exempt from tax the import of goods related to the fight against the pandemic. We will introduce to you four interesting judgements of the Court of Justice of the EU.
Further extension of the VAT exemption on selected healthcare products, explanatory notes to the new e-commerce rules introduced by the European Commission, and the case law of the Court of Justice of the EU, which can affect Czech tax practice – these are the topics of the April VAT news.
In the latest VAT news, you will learn that an amendment to the VAT Act will bring about a change in e-commerce rules or that the Minister of Finance has again extended the option to supply respirators VAT exclusive. You will also find out what decisions were issued by the CJEU.
The Minister of Finance has decided on VAT exemption for respirator supplies for a limited period. However, the VAT deduction is not possible if the supplier delivered these goods to customers including VAT; and this is not the only unclear issue about the decision. What else do you need to pay attention to and what are the news in the CJEU judgments?
The minister of finance announced VAT remission on the deliveries of COVID-19 vaccines and testing kits. Additionally, the minister issued a decision on the remission of interest on VAT arrears with regard to all taxpayers that cannot perform their business activities as a result of the government measures. Under what conditions? Find out more in the latest VAT news.
The definition of intangible assets will probably change within the framework of the tax package. The VAT rate for municipal waste treatment for further use could be reduced to 15%. The Court of Justice of the European Union issued important VAT-related decisions. Read the last VAT News of this year to learn more.
What is new in the world of VAT? In its judgement, the Court of Justice of the European Union (CJEU) did not recognise the right to deduct tax assessed from the import of goods, if the importer has no right to handle the goods as its owner. Other measures relating to VAT were adopted in the Czech Republic in the context of the coronavirus pandemic. Read the current VAT news to learn more.
