5 Major Developments in Czech Republic

5 Major Developments in Czech Republic

• The deadline for group registration for VAT is approaching

• Amendments to bill containing proposed direct and indirect tax changes

• Unified 12% value added tax (VAT) rate for newspapers and periodicals

• Czech Government Approves Amendments to Recovery Package – Merger of the 10% and 15% rates into a rate of 12%

• Government consolidation package of Indirect taxes

Country Guides

• Value Added Tax (VAT) Guidelines: Czech Republic

• VAT Guide for Businesses with Customers in Czechia

Deduction (Input Tax Credit)

• Guidance on Application of VAT to Gratuitous Supplies of Goods

• Abuse of VAT law for leases of immovable property: What are the court’s conclusions?

• VAT Developments: Right to deduct input VAT for advertising services, …

• Case: assessment period for output VAT and input VAT can be different

E-Commerce / Electronic Services

• Taxes in the digital era: How is the Czech Republic doing?

• Guidelines concerning tax obligations for taxable persons providing accommodation services via internet platforms (e.g. Airbnb, booking)

E-invoicing

• Country fact sheets: E-Invoicing in Czech Republic

ESG

• Czechia to push for lower VAT on recycled products

Excise

• Amendments to bill containing proposed direct and indirect tax changes

Exemption

• Accommodation service versus lease of real estate for VAT purposes, and abuse of rights concept

Fraud / Tax Evasion

• Accommodation service versus lease of real estate for VAT purposes, and abuse of rights concept
• Abuse of VAT law for leases of immovable property: What are the court’s conclusions?

Invoice

• Issuance of documents by non-payers

Legislative Change

• KPMG Week in Tax: 12 – 16 June 2023

Rate

• September Snippets: Latest Headlines from the World of Indirect Tax

• Amendments to bill containing proposed direct and indirect tax changes

• Unified 12% value added tax (VAT) rate for newspapers and periodicals

• Czech Government Approves Amendments to Recovery Package – Merger of the 10% and 15% rates into a rate of 12%

• Czech consolidating reduced VAT rates 2024; new 12% rate

• Czechia to push for lower VAT on recycled products

• VAT reduced rates proposed to be consolidated, resulting in some reclassifications

• Government consolidation package of Indirect taxes

• International VAT Rate Round Up: July 2023

• Lower Chamber Approves in First Reading Bill to Increase CIT Rate to 21%, Convert Multiple Reduced VAT Rates into Single Reduced VAT Rate of 12%

• Czech Consolidating Reduced VAT Rates 2024; New 12% Rate

• Reduced VAT rate on environmentally friendly products

• Lower VAT rate for recyclates/recycled products – a possible economic tool to promote the circular economy

• Reduced VAT rate on environmentally friendly products

• Czechia to push for lower VAT on recycled products

Real Estate/Immovable Property

• Accommodation service versus lease of real estate for VAT purposes, and abuse of rights concept

• Accommodation service versus lease of real estate for VAT purposes, and abuse of rights concept

• The effectiveness of changes in the application of VAT on real estate has been postponed

• Abuse of VAT law for leases of immovable property: What are the court’s conclusions?

• VAT Developments: Right to deduct input VAT for advertising services, …

Supply of Goods

• Guidance on Application of VAT to Gratuitous Supplies of Goods

Taxable Person

• Issuance of documents by non-payers

Taxable Transaction

• Accommodation service versus lease of real estate for VAT purposes, and abuse of rights concept

Tax Authorities / Penalties / Interest

• Case: assessment period for output VAT and input VAT can be different

Technology

• Taxes in the digital era: How is the Czech Republic doing?

VAT Group

• The deadline for group registration for VAT is approaching