News in Brief, May 2026

DOMESTIC NEWS
 

• On Monday 4 May 2026, the government approved a draft Act on the Electronic Sales Reporting (EET) and on the amendment of certain other tax laws, which will now be discussed by the Chamber of Deputies. The proposed effective date of the EET 2.0 project is 1 January 2027. The changes in income taxes include the introduction of tax relief for taxpayers entering the EET scheme, the introduction of a tax exemption for tips, the reintroduction of the tax credit for placing a child in pre-school facilities, and the student tax credit. The changes in VAT mainly include a reduction of the VAT rate on non-alcoholic beverages served as part of food services, and addressing the issue of small irrecoverable receivables.
   
• The Ministry of Finance has submitted to comment procedure a bill amending the Accounting Act, the Auditors Act and related financial-market legislation in order to implement EU law requirements on sustainability reporting. The bill mainly transposes selected provisions of Directives (EU) 2022/2464 and (EU) 2026/470. Its aim is to reduce the administrative burden on businesses associated with sustainability reports by narrowing the range of entities required to prepare them and simplifying the requirements for their content. At the same time, it introduces an obligation to publish sustainability reports for certain large third-country entities that have a subsidiary or branch in the Czech Republic. The proposed effective date is 1 January 2027; the obligation for third-country entities to publish sustainability reports would apply to accounting periods beginning on 1 January 2028. Through transitional provisions, the Ministry of Finance is also making use of the opt-out under Directive (EU) 2026/470, which allows accounting (consolidating) entities that have prepared these reports to date to be exempted from the obligation to prepare a sustainability report and a consolidated sustainability report for the 2025 and 2026 accounting periods if, as a result of the narrowed scope of obliged entities, they would no longer fall within the obligation.
   
• A Measure of a General Nature of the Government of the Czech Republic on the blanket waiver of excise duty on selected mineral oils has been published in the Ministry of Finance’s Financial Bulletin No. 9/2026.
   
• The Ministry of Finance’s Financial Bulletin No. 8/2026 contains Instruction No. MF 21 for the authorities of the Czech Financial Administration on carrying out inspections of the administration of court fees.
   
• The Ministry of Industry and Trade has announced that, on the date the new Building Act takes effect, it will be renamed the Ministry of the Economy. According to the ministry, the new name better reflects its actual remit and role in shaping and coordinating the state’s economic policy and is also more easily understood abroad.
   
• The Ministry of Justice has launched a trial run of the redesigned public registers portal, including the Public Register, the Collection of Deeds, and the Register of Trust Funds. The new portal at verejnerejstriky.msp.gov.cz will replace the existing sites or.justice.cz, esf.justice.cz and esm.justice.cz, which will remain available for a transitional period and, for the time being, continue to serve as the official source of data. The new portal is currently available in a test (trial) operation. The Ministry of Justice welcomes feedback from users, which will help with its further development and improvement.
   
• A Notice of the Ministry of Finance on the issuance of the rent price map for the fourth quarter of 2025 was published in the Collection of Laws in April (Print No. 49/2026).  

FOREIGN NEWS
 

• The OECD has published a manual for tax administrations on implementing the global minimum tax (The Global Minimum Tax Implementation Toolkit), in which it recommends approaches to setting up processes for introducing the global minimum tax. It also reflects the experience of jurisdictions that are further ahead in implementation as well as input from the business community and other stakeholders.
   
• As of 15 April 2026, the OECD list of jurisdictions that have signed the multilateral agreement on the automatic exchange of GloBE information (the GIR MCAA, Pillar 2), which will enable the filing of a single information return and the subsequent exchange of such returns also with respect to jurisdictions outside the EU, includes 31 jurisdictions (Australia, Austria, Belgium, Canada, Croatia, Denmark, Finland, France, Germany, Gibraltar, Greece, Hungary, Ireland, the Isle of Man, Italy, Japan, South Korea, Liechtenstein, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, and the United Kingdom).