VAT news [January 2025]
The General Financial Directorate has issued information on the amendment to the VAT Act, which came into effect on 1 January 2025, as well as information on the application of VAT for fuel payments made throug…
Consequences of filing an additional return just before the end of the tax assessment period
At the end of last year, an interesting discussion emerged in professional circles, but it has not yet provided a clear solution. The debate between the Chamber of Tax Advisors of the Czech Republic and the Gen…
VAT news [November 2024]
The amendment to the VAT Act has advanced from the Chamber of Deputies to the Senate. A coordination committee of the General Financial Directorate (GFD) and the Chamber of Tax Advisers of the Czech Republic (K…
VAT news [September 2024]
The forthcoming amendment to the VAT Act has passed its second reading in the Chamber of Deputies. The General Financial Directorate plans to publish guidelines on the application of VAT for fuel payments made …
Methodological guidelines of the Financial Administration on powers of attorney
The General Financial Directorate has issued a new methodological guidelines on powers of attorney within the national territorial competence of Tax Offices for the exercise of selected competences in order to …
Changes in the field of windfall tax: Are you sure you are not obliged to pay it?
On 3 May 2024, the General Financial Directorate (GFD) published on its website an update of the Czech Statistical Office’s opinions on the classification of some activities according to the CZ-NACE classificat…
Methodological information on taxation of benefits from 1 January 2024
To improve legal clarity, the General Financial Directorate has finally released methodological information regarding the taxation of benefits and other perks offered by employers to employees starting on 1 Jan…
VAT news [September 2023]
The amendments to the government’s consolidation package bring interesting changes to the area of VAT. The General Financial Directorate has addressed the determination of the tax base for the donation of hard-…
VAT news [May 2023]
As part of its Recovery Package, the government has introduced new VAT rules that bring changes to amounts of rates and new classification for some items. The effect of the amendment to the VAT Act on real esta…