Taxes
Planning agreements are subject to VAT: substance, not title, is decisive
The General Financial Directorate (GFD) has confirmed that the public-law nature of a planning (zoning) agreement does not in itself mean that the supplies provided under it are outside the scope of VAT. If a municipality, a Prague municipal…
CNB raises rates. How is tax-related interest changing from July?
The CNB’s June increase in the key interest rate to 3.75% will also affect the amount of tax-related interest from 1 July 2026, with an impact not only on default interest on late tax payments but also on compensation paid by the tax administrator…
Top-up tax: simplification of information returns also confirmed for the Czech…
Based on the new OECD agreement on a common understanding among countries, it will be possible to utilize exemptions from the obligation to file an information return under the top-up tax framework in the Czech Republic as well. This has been…
EET 2.0: bill heading to Chamber of Deputies. What is implementation timeline?
The government has approved the draft EET 2.0 act and submitted it to the Chamber of Deputies. Compared to the version communicated earlier, there have been no major substantive changes. The main development is therefore the publication of the…
Customs Administration launches new Automated Import System (AIS)
On 18 May, the Customs Administration launched the Automated Import System (AIS), which will gradually replace the existing eDovoz system. During the transitional period, both systems will operate in parallel, meaning that proceedings initiated…
GFD on determining tax residence of individuals
The General Financial Directorate (GFD) has published guidance on determining the tax residence of individuals, primarily with the aim of harmonising administrative practice and increasing legal certainty for taxpayers.
Pillar 2: simplification for filing GloBE Information Returns
The OECD has published a common understanding among jurisdictions that have implemented qualified top-up taxes. It responds to the approaching deadline for filing GloBE Information Returns and includes a commitment, under certain circumstances, not…
Pillar 2: draft forms published by financial administration
The financial administration has published draft forms that are to be used to prepare top-up tax information returns and top-up tax returns. However, the final version of the forms, the method for completing them and the available filing options…
Financial administration confirms rules for taxation of crypto-assets for 2025
Ahead of the standard minutes of the meeting of the Coordination Committee with the Chamber of Tax Advisors of the Czech Republic, the financial administration has published separate minutes from the discussion of a paper addressing the exemption of…
May extension of the diesel “discount” – what changes and what remains
The package of measures aiming to support drivers will continue in May, the Czech government announced. The reason remains the same: instability in the Strait of Hormuz area and the related tension in the oil market, which is pushing fuel prices…
Claiming input VAT before receiving invoice: landmark EU General Court judgment does…
The EU General Court’s judgment has attracted much attention, as it opened a key question: can a taxpayer claim the right to deduct VAT already for the period in which the tax liability arose even if the invoice was received only later – yet still…
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.