Czech Republic Increases The VAT Registration Threshold

The VAT registration threshold for resident businesses in the Czech Republic has been increased from CZK 1,000,000 (~42,000 EUR) to CZK 2,000,000 (~84,000 EUR) beginning January 1, 2023.

This new limit will be calculated taking into account:

• the period of 12 consecutive calendar months before December 2022, or
• the period before the month of December 2022, in which the business was a taxable person, if it became a taxable person after December 1, 2021

Source Fonoa