Czech top-up tax: senate approves extension of deadlines
The senate has discussed and approved an amendment to the Act on Top-Up Taxes that extends the deadlines for the first-time filing of Czech top-up tax information returns and tax returns. The amendment was forwarded to the president for signature, after which it will be promulgated in the Collection of Laws.
We informed you about the amendment, which contains a number of other changes, in our September 2024 issue of Tax and Legal Update. During the legislative process, several amending proposals mainly concerning insurance companies were also approved.
The original deadline for filing both the information return and tax return for Czech top-up tax was set at ten months after the end of the reporting period, i.e., October 2025 for calendar year 2024.
Extended deadlines
The Czech top-up tax information return must be filed within 15 months of the end of the reporting period or 18 months for the first-time period. For the 2024 calendar year as the first -time period, the filing deadline therefore is 30 June 2026.
The Czech top-up tax return will now have to be filed within 22 months of the end of the reporting period. For the 2024 calendar year, the filing deadline therefore is 31 October 2026.
The deadlines for filing the tax return and the information return for the allocated top-up tax and the Czech top-up tax have thus been aligned.
Related issues
The alignment of deadlines is to some extent also related to the ongoing preparation of the prescribed forms for top-up tax information returns and tax returns, where it is expected that the tax return and information return form will be common for both taxes and will derive from the GloBe Information Return form published by the OECD.
The government has also prepared a law implementing DAC 9, allowing for the submission of one information return within the EU, possibly also in relation to non-EU countries if an agreement similar to DAC 9 is concluded with the relevant country. However, this bill will not be discussed until after the October elections and the establishment of a new chamber of deputies.