- 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
Source: taxand.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.
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