The Senate of the Parliament of the Czech Republic approved an amendment to the Accounting Act (Parliamentary Document No 783), which, among other things, extends the time limits for submitting an information statement and tax return for the Czech top-up tax. The bill now awaits the president’s signature and subsequent publication in the Collection of Laws.

Originally, it was set down that both the information statement and tax return for the calendar year 2024 must be filed by October 31, 2025 – i.e. within 10 months following the end of the reporting period. In a new way, the deadlines are extended: the information statement for the year 2024 will have to be filed by June 30, 2026 (18 months) at the latest, the tax return by October 31, 2026 (22 months).

The amendment also brings about the harmonization of deadlines with the allocated additional top-up tax, simplification for the so-called “safe harbor” rules, and it assumes that the information statement and tax return will use a common form according to OECD rules.