GFD’s Information on VAT on immovable assets – Part II
Rules for applying VAT on renovation work, tax rates applicable to housing, and changes in the optional application of VAT on the supply of immovable assets: these are the topics of Part II of our article about the General Financial Directorate’s…
EU General Court on right to deduct VAT one month earlier fundamentally changes current practice
The EU General Court has issued an important decision (T 689/24) on VAT deduction, which has a fundamental impact on the practice of taxable entities and the creation of national legislation. The court addressed the question of whether it is…
Claiming VAT deduction in previous taxable period via additional VAT return?
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate (GFD) assessed whether it is possible to claim a VAT deduction in a previous period through an additional VAT return after receiving a tax document. The…
GFD’s long-awaited information on application of VAT to immovable assets
The General Financial Directorate (GFD) has published information on the application of VAT to immovable assets from 1 July 2025. The methodology responds to last year's extensive amendment to the VAT Act and describes the key changes to the…
EU General Court on application of simplification measure to triangular transaction in four-party supply chain
The judgment of the General Court of the EU in the MS Ključarovci case (T-646/24) provides a more precise interpretation of the conditions for applying the simplification for triangular transactions under Article 141 of the VAT Directive. The…
CJEU’s advocate general on VAT treatment of transfer pricing adjustments
VAT implications of transfer pricing adjustments depend on what the adjustment concerns and how it is carried out, according to the opinion (C-603/24) of Advocate General of the CJEU, Juliane Kokott.
GFD’s information on claiming VAT deductions
In connection with the amendment to the VAT Act, at the turn of the year the General Financial Directorate (GFD) issued its Information on Changes in Claiming VAT Deductions from 1 January 2025, which explains how to claim partial VAT deductions and…
CJEU rules on VAT treatment of Czech ‘society‘ without legal personality
The Tenth Chamber of the Court of Justice of the European Union (CJEU) ruled on case C-796/23 Česká síť s.r.o. It concerns the determination of the taxable person who performed a taxable supply and is obliged to pay value added tax in the context of…