In connection with the amendment to the “Construction Act,” an amendment to the value added tax (VAT) law changes the definition of family houses and apartment buildings, to have a broader definition from 1 July 2023. This change will primarily affect the determination of the correct VAT rate for construction work on a completed building for housing and social housing or for the construction and delivery of a building for social housing. It will also affect the fulfilment of the conditions for exemption from VAT of the delivery or lease of real property.
Source: kpmg.com
Latest Posts in "Czech Republic"
- New Electronic VAT Refund System for Non-EU Tourists Effective January 2026
- Czech Government Proposes Major VAT Reforms Including 0% Rate on Prescription Medicines
- Overview of EET 1.0, Its Abolishment, and Introduction of EET 2.0
- Czech Republic Updates VAT and Tax Rules for App-Based Transport Providers, Effective January 2025
- GFD Issues Updated Tax Guidance for Mobile Transport Service Providers, Effective January 2025
