Taxes
Top-up taxes: information exchange within EU and other legislative developments
On 6 May 2025, Council Directive (EU) 2025/872 amending Directive 2011/16/EU on administrative cooperation in the field of taxation was published in the EU Official Journal. The directive creates the conditions for the EU-wide filing of single top…
Employee stock and option plans: notifying tax administrator of taxation postponement
The amendment to the Income Tax Act under which the taxation of an employee’s income from share and option plans can only be postponed if the employer notifies the tax administrator of this choice, became effective from 1 April 2025. The General…
New decree on calculating floor area for VAT purposes
The Ministry of Finance presented a draft of a new decree on the method of calculating floor area for VAT purposes. The decree responds to changes in legislation pertaining to real estate and construction, about to enter into force on 1 July 2025.
Employee stock option plans: GFD information for 2024 and 2025 taxable periods
The GFD has recently issued its information for employers and employees in connection with employee income from the acquisition of a share in a business corporation or an option to acquire such a share under employee stock and option plans in the…
Single monthly employer reporting and related changes to income tax
In the beginning of March 2025, the government approved a bill on single monthly employer reporting (in Czech Jednotné měsíční hlášení zaměstnavatelů or JMHZ), which the Ministry of Labour and Social Affairs wants to launch from 2026. It should…
GFD unifies procedure for waiving tax penalty and interest
The General Financial Directorate has issued Instruction D-67, which unifies the procedure of waiving tax accessories – fines, penalties, or interest. The instruction is effective from 1 March 2025 and brings several changes compared to Instruction…
Possibility to deduct interest on loans extended
The chamber of deputies is currently debating a legislative proposal to amend certain laws in connection with the adoption of the Housing Support Act. The bill contains numerous measures that should contribute to greater affordability of housing.
Employee stock option plans: senate approves taxation amendment
In the autumn of last year, a draft amendment to the Income Tax Act (and insurance laws) concerning the taxation of income from employee stock option plans was added as a legislative rider to the draft amendment to the Act on Child Care Services in…
GFD Information on changes to VAT payer status and registration procedure
In connection with the amendment to the VAT Act effective from 1 January 2025, the GFD issued Information on the VAT payer status and registration procedure. The information provides more precise guidance on when a taxable person becomes a VAT payer…
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…