5 Major Developments in Czech Republic
- Changes in the taxation of individuals and new rules for VAT
- Application of VAT to fuel cards
- Senate Approves Increased VAT Registration Threshold, Windfall Tax, and Other Measures
- Pitfalls of cancelling VAT registration
- Changes in the taxation of individuals and new rules for VAT
DAC7
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DAC7: Implications of new obligations for digital platform operators
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DAC 7: New rules for digital platforms expected to apply as from 1 January 2023
Deduction (Input Tax Credit)
ECJ (European Court of Justice)
Exemption
- Flashback on ECJ Cases – C-572/07 (RLRE Tellmer Property) – Rental of an immovable property and the service of cleaning the common parts are separate services
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Cancellation of the VAT exemption on the supply of gas and electricity
Environmental Tax
Fraud/Tax Evasion
Legislative Change
Liability (Reverse Charge/Withholding)
Rate
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Changes in the taxation of individuals and new rules for VAT
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Amendment: New rules for VAT – VAT registration threshold & reduced VAT rate for fruit/vegatables
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Cancellation of the VAT exemption on the supply of gas and electricity
Registration
- Update – Czech Republic Publishes Law Providing Increased VAT Registration Threshold
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Information from the GFR to increase turnover for VAT registration
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VAT registration from the current CZK 1 million to CZK 2 million still under discussion
- Amendment: New rules for VAT – VAT registration threshold & reduced VAT rate for fruit/vegatables
- VAT registration limit from the current CZK 1 million to CZK 2 million and reclassify some foodstuffs and beverages from the tax rate of 15% to 10% or 21%
Reporting/Compliance
- Senate Approves Increased VAT Registration Threshold, Windfall Tax, and Other Measures
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Penalty for filing VAT ledger statement for incorrect taxable period struck down
SAF-T (Standard Audit File for Tax)
SME (Small and Medium Enterprises)
- Pitfalls of cancelling VAT registration
- Changes in the taxation of individuals and new rules for VAT
- VAT registration from the current CZK 1 million to CZK 2 million still under discussion
Supply of Goods
Supply of Services
Tax Authorities/Penalties
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Senate Approves Increased VAT Registration Threshold, Windfall Tax, and Other Measures
- Penalty for filing VAT ledger statement for incorrect taxable period struck down
Latest Posts in "Czech Republic"
- Czech Republic Enacts New VAT Rules for Unpaid Invoices Starting January 2025
- Czech Small Businesses Gain Flexibility with Quarterly VAT Returns Starting 2025
- Reminder: Submit 2024 EU VAT Refund Applications by September 30, 2025 Deadline
- VAT in the Czech Republic – Comprehensive up to date guide
- Czech Republic Updates VAT Deduction Rules for Unpaid Debts Effective January 2025