The amendment to the VAT Act, which should increase the limit for registration as a taxpayer (from the current CZK 1 million to CZK 2 million for twelve consecutive months) as of 1 January 2023, is still going through the legislative process. On the closing date, the second reading in the Chamber of Deputies had not yet taken place. In addition to the actual limit increase, the amendment also contains rules for the transition between 2022 and 2023, and even allows some people who exceed the 1 million limit to avoid becoming a taxpayer.
Source Deloitte
