Key Changes to Czech VAT Act Effective 2025: Deduction and Correction Period Adjustments

Effective 1 January 2025, the Czech VAT Act will be amended
The input VAT deduction period will be shortened from 3 years to 2 years
This period starts from the end of the calendar year when the right to claim input VAT arose
The correction period for the VAT base will increase from 3 years to 7 years

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.