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-…
Abuse of VAT law for leases of immovable property: What are the court’s conclusions?
Recently, we have seen an increasing interest of the tax authorities in the abuse of law. The Municipal Court in Prague (Ref. No. 3 Af 20/2021-43) recently examined one such case of abuse of law in connection w…
Consolidation package: proposed changes to passenger car depreciation
The draft Consolidation Package, which concerned the setting of depreciation limits for M1 passenger vehicles, has been amended following a comment procedure to give the proposal a more concrete outline. As the…
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…
The Recovery Package in the context of tax changes
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
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…
Government presents consolidation package called “Czech Republic in Shape”
After weeks of debates and negotiations, the Czech government presented its consolidation and austerity package for the next few years at a press conference on 11 May 2023. The package contains a set of measure…
The amendment to the VAT Act became effective in Slovakia
The amendment to the VAT Act in Slovakia has brought several significant changes that came into force on 1 January 2023. The most significant changes include the introduction of an obligation for customers to c…
VAT news [April 2023]
The General Financial Directorate is preparing changes to the information on the application of VAT in the field of real estate. In addition, it intends to issue information on the determination of the tax base…