Limitation of VAT Input Tax Deduction for Selected Passenger Cars from 1.1.2024

• VAT will be applied to selected passenger cars from 1.1.2024
• Input tax deduction limit of CZK 420,000 for acquisition of specified passenger cars
• Limit also applies to technical improvements on selected passenger cars
• Limit applies to lessees of finance leases, not leasing companies
• Input tax limit does not apply to selected passenger cars not classified as fixed assets

Source: pkfapogeo.cz

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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