VAT

Tax 

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 National Bank’s repo rate instead of only 1% plus the Czech National Bank’s repo rate. What effect has this change had on the administrative practice of the Financial Administration? And is it possible to require a higher interest also in closed cases? 

25. 1. 2021