- The proposed amendment to the VAT Act under EET 2.0 focuses on three areas: irrecoverable receivables, unpaid liabilities, and the VAT rate for non-alcoholic beverages in catering services.
- For irrecoverable receivables, the threshold for “minor” receivables eligible for VAT base correction increases to 20,000 CZK per receivable and 100,000 CZK per debtor annually, with the overdue period shortened to three months.
- For unpaid liabilities, the period for mandatory VAT deduction adjustment is shortened from six to three months after the due date.
- All non-alcoholic beverages served in catering services will be taxed at a reduced VAT rate of 12%.
Source: danovky.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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