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Senate Approves Increased VAT Registration Threshold, Windfall Tax, and Other Measures

The Czech Ministry of Finance announced on 24 November 2022 that the Czech Senate (upper house of parliament) has approved the law providing for an increase in the annual limit for mandatory VAT registration from CZK 1 million to CZK 2 million with effect from 1 January 2023.

Source: Orbitax

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