- The amendment to the VAT Act, under which the limit for registration as a taxpayer should be increased from 1 January 2023 (from the current CZK 1 million to CZK 2 million for twelve consecutive months), is still in the middle of the legislative process.
- it is possible that from January 2023 a reduced VAT rate of 10% will be newly applied to the supply of fruit and vegetables. On the other hand, sweetened beverages could be reclassified as goods subject to the standard rate of tax.
Source Deloitte
Latest Posts in "Czech Republic"
- 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
- EET 2.0: New Cash Register Rules, Exemptions, and Benefits for Businesses and Employees from 2027
- VAT Rules for Real Estate Sales: Substantial Changes, Social Housing, and Taxation Options Explained
- EGC VAT T-53/26 (Central Europe Mark) – Questions – Examination of Tax Neutrality and Proportionality in Securing VAT Payments Without Interest Compensation
