Taxes

Simplifying rules for payment of insurance premiums for cross-border workers at home…

To avoid discrimination against cross-border workers, the European Commission has introduced a framework agreement that allows working from home (teleworking) from abroad to a larger extent without employers having to register and pay insurance…

Can lessees claim deduction of import VAT?

The VAT Committee again considered the possibility for lessees to deduct import VAT if the lessee is also the person liable to pay import VAT. It reiterated that to exercise the right to deduct, it is necessary for the taxable person to have…

Consolidation package I: Overview of main changes in taxation

Major changes in tax and social security and health insurance premiums are to affect not just companies, but also employees and workers. The abolition or reduction of personal income tax reliefs is being prepared, as well as changes in statutory…

Consolidation package II: Changes to personal income tax and social security

Major changes in tax and social security and health insurance premiums are to affect not just companies, but also employees and workers. The abolition or reduction of personal income tax reliefs is being prepared, as well as changes in statutory…

Construction industry: changes to VAT from July

In connection with the amendment to the Construction Act, an amendment to the VAT Act changes the definition of family houses and apartment buildings, which will have a broader definition from 1 July 2023. Accordingly, the General Financial…

Implementation of minimum tax in Czech Republic: Who will be affected by top-up tax?

A bill published by the Ministry of Finance introduces a top-up tax for taxable periods starting from 31 December 2023. The top-up tax with a rate equal to the difference between 15% and the specifically calculated effective tax rate will apply to…

New savings product for retirement: conditions for claiming tax relief

With effect from 2024, the Ministry of Finance proposes to extend tax-efficient retirement savings with a new form - a long-term investment product. It is an alternative to the current 3rd pillar of the pension system (comprising supplementary…

Italy: platform use in exchange for user data is barter; VAT base is the data’s value

The Italian tax administration has assessed additional output VAT to a platform on which users can register and use it free of charge. According to the tax administrator, this involves the provision of services for consideration, more precisely…

Legislative basis for global minimum tax

The date the global minimum tax will be introduced is approaching, and therefore the Czech implementation law is being prepared. The only legal act that has gone through the standard legislative process so far is an EU directive deriving from…

Windfall tax: practical information on application

The financial administration has published answers to questions about the windfall tax, which is to be applied from 2023 to 2025. Below we summarise the most important conclusions.

Changing obligations of accommodation providers

The General Financial Directorate has issued updated information on the tax assessment of the obligations of accommodation service providers. The information responds to legislative changes in effect from January 2023 concerning value added tax,…

Teleworking between Czech Republic and Germany or Austria: changes in insurance…

The Czech Republic has concluded framework agreements with Germany and Austria concerning persons working remotely in the other country, i.e., teleworking. Both agreements are effective from 1 March 2023 and respond to current trends in working from…