- SAC ruled that the interest rate on retained VAT deductions for 2017-2020 was in line with EU law
- Interest rate on withheld tax deduction introduced in 2015 after SAC decision in Kordárna case
- Interest rate increased to 2% + repo rate in July 2017, changed again in January 2021
- SAC concluded that 2% + CNB repo rate was sufficient to cover interest expense for a loan in 2017-2020 period
- Taxpayers who disagreed with interest rate took tax administration to court, but SAC ruled in favor of tax administration
Source: danovky.cz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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