- The Czech Republic is considering a bill to remove the CZK 420,000 cap on input VAT deduction for selected passenger cars.
- If adopted, businesses could fully deduct input VAT on eligible passenger vehicles from January 2027.
- This could lower vehicle acquisition costs for companies.
- The bill is still in the legislative process and needs further approvals before becoming law.
- For now, the existing cap remains in force, but businesses should monitor the proposal.
Source: fintua.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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