Taxes
Top-up taxes: first-time filing deadline is approaching. Are you ready?
In the coming months, Czech companies that are part of large multinational groups will be required to prepare and submit for the first time their top up tax returns and related information returns for the 2024 reporting period.
April regulation of petrol and diesel prices and reduction of excise duty on diesel
The government has approved two measures aimed at mitigating rising fuel prices, effective from 8 April to 30 April 2026. During this period, petrol and diesel prices will be subject to regulation through maximum retail prices announced on a day by…
New methodological guidance on procedures following expiry of tax assessment period
The General Financial Directorate (GFD) has issued new methodological guidance in response to a recent ruling of the Extended Chamber of the Supreme Administrative Court. The guidance standardises the procedures applied by tax authorities when tax…
EET 2.0: financial administration’s position on contact payments
The EET 2.0 system, scheduled to be introduced in 2027, brings a new concept of “contact payment”. This plays a key role in determining which non-cash payments will be subject to the electronic sales reporting obligation and which will be excluded.…
Proposed amendment to VAT Act targets three key areas
The proposed amendment to the VAT Act, introduced in connection with EET 2.0, focuses on three main areas: irrecoverable receivables on the creditor’s side, unpaid liabilities on the debtor’s side, and changes to the VAT rate applicable to non…
JMHZ: financial administration responds to ambiguities and practical questions
The financial administration has issued a communication concerning the reporting of exempt income from dependent activity and of the results of the year-end settlement of employment tax prepayments and tax credits.
GFD’s Information on VAT on immovable assets – Part II
Rules for applying VAT on renovation work, tax rates applicable to housing, and changes in the optional application of VAT on the supply of immovable assets: these are the topics of Part II of our article about the General Financial Directorate’s…
EET 2.0 and other proposals by Ministry of Finance
The Ministry of Finance has disclosed a draft legislative package that includes the reintroduction of electronic sales reporting (EET) and other changes in personal income taxation, family support, and the digitisation of tax administration.
Ministry of Finance responds to update of OECD Model Tax Convention
In November of last year, the OECD released an update to the Model Tax Convention on the avoidance of double taxation, including revisions to the accompanying Commentary. Among the changes is a substantially revised interpretation concerning the…
Claiming VAT deduction in previous taxable period via additional VAT return?
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate (GFD) assessed whether it is possible to claim a VAT deduction in a previous period through an additional VAT return after receiving a tax document. The…
GFD’s long-awaited information on application of VAT to immovable assets
The General Financial Directorate (GFD) has published information on the application of VAT to immovable assets from 1 July 2025. The methodology responds to last year's extensive amendment to the VAT Act and describes the key changes to the…
GFD’s information on claiming VAT deductions
In connection with the amendment to the VAT Act, at the turn of the year the General Financial Directorate (GFD) issued its Information on Changes in Claiming VAT Deductions from 1 January 2025, which explains how to claim partial VAT deductions and…