Last month’s tax and legal news in a few sentences.
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Government Decree No. 336/2016, amending Government Decree No. 567/2006 Coll., on the minimum wage, was published in the Collection of Laws. The minimum wage set for 2017 is CZK 11 thousand.
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The GFD announced that the XML structure description of the VAT ledger statement EPO form will be amended from 1 January 2017 to intensify inspections of VAT ledger statements filed via data boxes using the Quick Response to a Notice function.
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Effective from 1 November 2016 the acquirer of real property in real estate transfers will always and exclusively be the payer of immovable property acquisition tax. A contract on the transfer of a tax obligation to the seller (the transferor) agreed between the parties to a transaction is no longer acceptable. The decisive date on which a tax obligation arises is always the date on which the ownership title to real property is acquired. In most cases, such as the sale or the exchange of immovable property, the decisive date is the date on which an entry of real property in the Real Estate Register enters into legal force, if it relates to real property that is recorded in the Real Estate Register.
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The Ministry of Finance has submitted two draft council directives for public consultation: the draft Common Corporate Tax Base (CCTB) directive and the draft Common Consolidated Corporate Tax Base (CCCTB) directive.