VAT news [April 2021]
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, w…
VAT news [March 2021]
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 excl…
VAT News [February 2021]
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; an…
Planned changes to the Excise Taxes Act
The area of excise duties is expected to undergo significant changes in the future. From 1 January 2022, an amendment to the Excise Taxes Act should take effect. From 13 February 2023, a new excise directive wi…
Higher Interest on Withheld Excess VAT Deduction Can Be Claimed Retrospectively
It has been several months since landmark ruling of the Supreme Administrative Court ref. no. 1 Afs 445/2019-47 which confirmed the entitlement of VAT payers to a 14% interest on excess deduction plus the Czech…
VAT News [January 2021]
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 a…
Brexit: Customs and VAT Implications
The trade agreement between the EU and the UK was entered into on Christmas Eve and has been provisionally applied since 1 January 2021; however, it is expected that it will be approved by the European Parliame…
VAT News [December 2020]
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 …
VAT News [November 2020]
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 …