Changes in VAT for 2025: New law signed by president, key amendments explained.

The law proposal was signed by the president on 18.12.2024 and the law was approved and published in the Collection of Laws under number 461/2024 Sb on 23.12.2024
Changes in VAT have been announced by the General Financial Directorate with reference number 82973/24/7100-30116-051722
Changes include thresholds for VAT registration, exemptions for certain activities, and a regime for small businesses
Virtual participation in cultural, entertainment, educational, and sports services will now be considered at the recipient’s location
Services provided to non-taxable persons in third countries will have the place of supply in the Czech Republic under certain conditions
The deadline for claiming VAT deduction has been reduced to 2 years, with a new starting point from 1.1. of the following year
Invoices must now include the due date, and if payment is not made within 6 months, the deduction must be reduced, but can be claimed again if payment is made later
Assets created through own activities are subject to specific regulations

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.