Roman Pecháček

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News 2/2024

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...
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News 7/2023

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...
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News 4/2023

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...
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News 2/2023

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...
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News 6/2022

Windfall tax Windfall tax, i.e. tax on unexpected profits, is introduced into the Czech tax system as a subcategory of corporate income tax. It is intended to be an additional taxation of corporations that generate unexpected profits as a result...
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News 9/2021

Subsidies from the National Recovery Plan The Ministry of Industry and Trade of the Czech Republic has developed the National Recovery Plan, which has already been approved by the European Union. We expect the announcement of the first calls in the near...
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News 8/2021

Waiver of VAT for Supplies of Electricity and Natural Gas in November and December 2021 We would like to inform you that the Ministry of Finance of the Czech Republic has decided on an extraordinary waiver of VAT for supplies of electricity and gas in...
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News 7/2021

VAT Amendment Concerning e-Commerce Comes into Effect In June 2021, in our News No. 6 we informed you that the Chamber of Deputies had approved an amendment to the VAT Act. The amendment should have been effective from 1 July 2021, as required by the...
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News 6/2021

VAT changes related to e-commerce We would like to draw your attention to the amendment to the Czech VAT Act, which should be effective from 1 July 2021. The relevant proposal has already been approved by the Chamber of Deputies; it will now be debated...
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News 5/2021

VAT on rental of residential properties Dear readers, We would like to draw your attention to a change in VAT on the rental of flats and houses from 2021. Rental of real estate, with a few exceptions (for instance rental of parking spaces),...
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