- Amendments to Czech Republic VAT Act approved in December 2024
- Changes effective from 1 January 2025
- Taxable persons now need to track two turnover figures
- New rules for when a taxable person becomes a VAT payer
- Obligation to repay VAT deduction if liability remains unpaid after six months
- Adjustment to delivery of buildings from 1 July 2025
- Scope of financial activities exempt from VAT narrowed from January 2025
Source: bdo.global
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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