Czech Republic
Languages

vat

Tax Code Amendment Ultimately Not Adopted with Only Three Votes Short

6.5.2020
We will have to wait a little bit longer because easier electronic communication with the Tax Office and management of our tax accounts is still to come. The Chamber of Deputies was only three votes short of adopting the amendment to the Tax Code. At the same time, however, the subtle extension of the deadline […]

Extraordinary tax measures in response to the spread of coronavirus in the Czech Republic II

26.3.2020
Below is a list of the new series of measures relating to income taxes, VAT and real estate acquisition taxes which have already become available to all taxpayers, and of measures which will become effective as soon as the related Act is amended. 1. Already in effect: Prepayments on individual and corporate income tax due […]

VAT as a part of the real estate acquisition tax base – continued

28.11.2017
As presumed in our previous newsletter, the case of the village of Střelské Hoštice continues with a rather nice surprise. This time, however, the surprise came from the tax administration itself. The tax administration published a new press release on 24 November 2011 in which it significantly expanded on its original statement of September 2017. More […]

Is VAT included in the real estate acquisition tax base?

25.9.2017
The principle of the benefit of the doubt has helped many taxpayers to save on tax. However, the taxpayer must usually enforce the principle by legal action. This was the case of the village of Střelské Hoštice that has recently attracted much media attention. What was it about and what effects does it have on […]

New developments in VAT – General Financial Directorate’s notification regarding the new control report introduced with effect from 2016

15.6.2015
The General Financial Directorate (“GFD”) published information about the VAT control report that is to be filed by taxpayers with the tax authority from January 2016. The information defines persons that must file the report, the mandatory form of the report, information that must be provided to the tax authority in the report and the […]