VAT news [February 2024]
The Financial Administration has issued information regarding the application of the right to deduct tax for M1 passenger cars. Currently, an amendment to the VAT Act is undergoing the comment procedure, which …
VAT news [January 2024]
In the current VAT news, we present selected changes brought by the latest amendments to the VAT Act effective from January 2024. We recall, for example, which goods and services fall under the reduced 12% rate…
VAT news [November 2023]
The amendment to the VAT Act has been signed by the President. The meeting of the Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors will address a likely change in the …
VAT news [October 2023]
What is new in the amendment to the VAT Act approved by the Chamber of Deputies? How did the Court of Justice of the European Union rule on the question of whether or not a gift of higher value received by subs…
CESOP: Cross-border payments reporting obligation is about to come into force
With effect from 1 January 2024, an amendment to Act No. 235/2004 Coll., on Value Added Tax, will establish new obligations for payment service providers. They will have to newly record and report data on cross…
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-…
Taxes in the digital era. How is the Czech Republic doing according to a new Deloitte survey?
The main drivers for the digitalisation of taxes in companies are the requirements of tax authorities for digital filing, as well as the increasing number of automated processes that free up human resources …
VAT news [June 2023]
What can you read about in the June VAT news? The Czech Republic submitted a proposal to the EU Council to apply a reduced VAT to the supply of environmentally friendly products. The Supreme Administrative Cour…
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…