Taxes

Government approves amendment to Tax Procedure Code and deletes problematic proposals

At the end of August, the government approved a comprehensive amendment concerning tax and customs administration, which also changes the related procedural rules in the Tax Procedure Code. Based on comments from the Chamber of Tax Advisors, the…

Government approves draft amendment to Act on Top-Up Taxes: 15 key changes

Among the most important changes are adjustments to the conditions and deadlines for filing top-up tax information returns and top-up tax returns, a simplification of the obligation to file top-up tax information returns, and adjustments aimed at…

Inspections by tax authorities targeting interest

Summer usually brings rest and holidays, but for some taxpayers it can be a time of increased attention from the tax authorities. In recent weeks, the tax authorities have been actively contacting taxpayers to verify the tax deductibility of certain…

What will amendment to Accounting Act bring?

The draft amendment to the Accounting Act approved by the government will change the categorisation of entities and introduce new obligations regarding sustainability reporting. During the comment procedure, the originally proposed effective date…

Finance ministry on future of windfall tax

The Czech Ministry of Finance reports that the state's extraordinary revenues from tax on windfall profits and levies on surplus revenues and wealth gains have not yet covered its extraordinary expenses related to the energy crisis. Although not…

Top-up tax: postponed deadlines and other proposed changes

The Act on Top-Up Taxes has not been valid a full year yet, but a draft amendment is already underway. The Ministry of Finance has now published the draft amendment after having incorporated comments. The most important changes concern the deadlines…

Amendment to Income Tax Act introduces huge changes in personal income tax

Responding to the forthcoming new Accounting Act, the Ministry of Finance has published a draft amendment to the Income Tax Act. The proposed effective date of 1 January 2025 and other parts of the amendment may still change during the legislative…

Changes to excise duties from 2025

The government has approved a draft amendment to the Excise Duty Act, which introduces several key changes aimed to reduce the administrative burden for taxpayers, increase legal certainty on the market for selected products, and increase the…

Amendment to Income Tax Act responding to new Accounting Act

The Ministry of Finance has published a draft amendment to the Income Tax Act, responding to the new draft Accounting Act. The proposed effective date of 1 January 2025 and other parts of the amendment may change during the legislative process.…

Amendment to VAT Act 2025 in detail – Part III

We present a continuation of the overview of the most important changes contained in the draft amendment to the Value Added Tax Act. As we have already informed our readers, the amendment has gone through the comment procedure, and a version for the…

Amendment to the Tax Procedure Code: more questions than answers

In accordance with the government's legislative work plan for 2024, the expected amendment to certain laws concerning tax administration is coming. Among them is the Tax Procedure Code, which regulates the procedure of tax administrators and the…

Senate passes Amendment to Investment Companies and Investment Funds (ICIF) Act

On 29 May 2024, the senate approved an amendment to the Act on Investment Companies and Investment Funds (ICIF) and related laws including changes to some parts of the consolidation package, in the wording as passed by the chamber of deputies. In…