- The General Financial Directorate (GFŘ) has released methodological information regarding changes in VAT registrations due to an amendment to the VAT law effective January 1, 2025.
- Key changes include the introduction of a second turnover threshold for mandatory VAT registration (€100,000, or CZK 2,536,500), in addition to the existing CZK 2,000,000 limit, and new rules regarding the timing of VAT registration based on exceeding these thresholds.
- The information also details rules for VAT registration following the resumption of economic activity after a previous cessation, and conditions for voluntary VAT registration by non-established persons.
Source: accace.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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