Kristýna Klabíková

Forthcoming Amendment to VAT Act We would like to inform you about a proposed amendment to the VAT Act, which should be effective from 1 January 2025. The main proposed changes are summarised below. Adjustment to Time Limits The time limit for claiming a tax deduction is to be shortened from the current three years to two. On […]

Consolidation package approved The long-discussed package of measures to support the recovery of public finances has gone through the legislative process and the intended changes will thus be effective from the beginning of 2024. Functional currency Accounting entities will now be allowed to use the currency of their primary economic environment in their accounting and […]

Pillar 2 – Top-up taxes in the Czech legal system The long-awaited draft law on top-up taxes for the purpose of ensuring a minimum level of taxation of large groups, which is the Czech implementation of the European Minimum Tax Directive, is now in the comment procedure. The draft law on top-up taxes is based on […]

The government’s recovery package The government has presented a package of measures that should lead to a reduction in the public budget deficit. In addition to measures in the tax area, the proposed changes are intended to mainly affect retirement pensions, unemployment benefits and the salaries of state employees. Meanwhile, most of the proposed changes are expected to […]