In addition to the actual increase in the limit, the amendment also contains rules for the transition between 2022 and 2023, and even allows some persons who exceed the limit of CZK 1 million this year to avoid becoming VAT payers.
In certain situations, the amendment should also extend the deadlines for submitting VAT control statements and reduce the existing penalties for their late submission.
The submitted amendments concerning the change in the tax rate for the supply of fruit, vegetables and sweetened beverages were eventually withdrawn and the amendment no longer regulates VAT rates. As of the editorial deadline, the amendment was approved by the Chamber of Deputies and referred for further discussion at the next Senate meeting.
Source: Deloitte
