Introduction of several changes to the CZ VAT Act per Jan 1, 2025

Introducing two thresholds for CZ VAT registration: CZK 2,000,000 for which the taxable person becomes CZ VAT payer from the first day of the following year; and CZK 2,536,500 for which the taxable person becomes CZ VAT payer from the following day.
Implementation of special scheme for small enterprises.
Shortening the period to claim input VAT deduction from 3 years to 2 years.
Extending the period to 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.