Taxes
KPMG survey: how are tax departments in CR keeping up with digitisation?
A recent KPMG survey shows that tax departments in companies in the Czech Republic are generally satisfied with the management of their tax agenda, but there are still some gaps in the implementation of new technologies; e.g., only 8% of respondents…
Change in depreciation of photovoltaic power plants awaits approval
The amendment to the Energy Act also includes an amendment to the Income Tax Act, specifically a change in the depreciation of photovoltaic power plants. The amendment proposes to abolish the special method of depreciation of photovoltaic power…
Fuel cards and VAT: What does new GFD’s information contain?
At the end of last year, the General Financial Directorate (GFD) issued long-awaited information on fuel cards following the much-discussed CJEU judgment of May 2019 in the Vega International Car Transport and Logistic case and the conclusions of…
Lex Ukraine retains tax relief for donations
A draft amendment to Act No. 65/2022 Coll., on certain measures in connection with the armed conflict in the territory of Ukraine caused by the invasion of the Russian Federation, has passed the senate and is now heading for the president's…
Exemption of income from sale of crypto-assets approved by senate
On 22 January 2025, the senate passed a bill amending certain laws in connection with the implementation of EU regulations on the digitisation of the financial market and sustainability financing. This includes an amendment to the Income Tax Act…
Coordination Committee clarifies VAT treatment of employee benefits, leaves open…
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate recently discussed a paper on the VAT treatment of employee benefits and the symbolic payment for a taxable supply. The discussion conclusions confirmed…
Amendment to VAT Act in effect from new year
The amendment to the VAT Act introduces several key changes that will affect all VAT payers. Selected changes have a delayed effect - e.g., changes in immovable property will apply from 1 July 2025, while some changes in financial services will take…
Changes in employee taxation in 2025
With the new year come changes in employee taxation and social security and health insurance. Below, we present an overview of the most important issues.
Changes in taxation of immovable property in 2025
On 1 January 2025, the second part of the amendment to the Real Estate Tax Act, which already in 2024 introduced numerous significant changes, entered into force. Below, we summarise the most important changes for this year.
Proposal to simplify administration – single monthly employer report
From 2026, the Ministry of Labour and Social Affairs wants to launch a single monthly employer reporting project that could significantly reduce the administrative burden for businesses as regards employees, and today's up to 25 different monthly…
ViDA : key changes to VAT and their impact on EU business
The European Union reached a major milestone in tax policy when the ECOFIN Council approved a package of measures aimed at modernising VAT rules, known as the VAT in the Digital Age (ViDA) Directive in early November 2024. This comes after almost…
Ministry of Finance: new Accounting Act to take effect only from 2026
The Ministry of Finance has published an updated working version of the draft of the new Accounting Act and has confirmed that it is expected to come into effect from January 2026 at the earliest.