On 18 November 2019, the government approved a draft bill on the digital services tax. The draft of the new bill is being sent to the Chamber of Deputies of the Czech Republic and the legislative process of its passing has thus begun. The government expects the bill to come into force in the course of next year and the new tax will be collected from transactions that will be performed after the bill has taken effect, i.e. starting from the fifteenth day after its promulgation. This is a very short implementing deadline, which does not give taxpayers much time for possible adjustment of systems. We therefore recommend dealing with this tax and its potential effects as soon as possible.
More informaton at source: fucik.cz
Contribution by Stepan Osicka, tax partner
Latest Posts in "Czech Republic"
- Czech Republic Issues New VAT Guidance on Real Estate Effective July 2025
- Czech Republic Plans Simpler Electronic Sales Reporting System, New Tax Credits, Effective 2027
- Czech Tax Authority: No VAT Deduction for Previous Period via Additional Return After Receiving Document
- Czech Republic to Launch EET 2.0 Real-Time Revenue Reporting from 2027 for Enhanced Tax Compliance
- EU Court Clarifies VAT Deduction Timing When Invoice Received After Taxable Supply but Before Filing
