- Changes to the CZ VAT Act as of 1 January 2025
- Introduction of two thresholds for CZ VAT registration
- Implementation of special scheme for small enterprises
- Shortening the period to claim input VAT deduction from 3 years to 2 years
- Extending the period for obligatory correction of tax base for taxable supplies from 3 to 7 years
- New obligation to reimburse input VAT deduction on unpaid liabilities after 6 months
- New obligation to apply open market value for the supply of immovable property between employer and employee
Source: info.leitnerleitner.com
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.
Latest Posts in "Czech Republic"
- Czechia Uncovers €187 Million VAT Fraud Scheme in Electronics Trade; Seven Charged, Assets Seized
- VAT Group Registration Deadline Approaching – Apply by October 31, 2025
- EU Approves VAT Modernization: Electronic Invoicing and Digital Reporting by 2030
- EU Packaging Regulation Faces Legal Challenges Over Reusability, Plastic Ban, and Deposit Requirements
- ECJ VAT C-513/24 (Oblastní nemocnice Kolín) – AG Opinion – Costs for non-deductible VAT activities do not guarantee proportional deductions
