The first change is that a legal entity will now enter the amortisation of intangible assets acquired on and after 1 January 2021 in Part B of Schedule 1, Section II, on line 12 instead of line 10. However, intangible assets acquired before 1 January 2021 are not affected by the change, i.e. the amortisation of those assets will still be shown on line 10.
The second innovation is the possibility of filing the financial statements in the collection of documents of the public register by submitting them to the tax authority as an attachment to the corporate income tax return. This applies to fiscal years beginning no earlier than 1 January 2021 and ending no earlier than 31 December 2021. Only business corporations that do not submit their annual reports to the Czech National Bank can take advantage of that innovation.
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