News

The second installment of the real estate tax is due on Monday, December 2, 2024 (November 30 falls on a Saturday this year).

In terms of the automatic exchange of information in tax spheres, since 2017, selected companies operating as members of multinational groups have been required to draw up the so-called Country by Country Reporting (CbCR).

n a recent verdict, the Supreme Administrative Court (SAC) defended a company that has been additionally assessed withholding tax by the tax office, due to abuse of law during corporate restructuring.

The advance personal or corporate income tax for the third quarter of 2024 is due on Monday 16 September 2024, if the obligation to pay it results from the filed tax return, or the last known tax liability.

If you purchase goods or services in EU countries as a part of your economic activities, it is possible to get a VAT refund if you meet the given conditions. Many Czech VAT payers charge this VAT directly to their costs. Nevertheless, the situation can be solved in a much more economical way.

The Ministry of Finance has published a draft amendment to the Income Tax Act, which responds to the draft of the new Accounting Act. This legislative proposal aims to modernize and simplify the tax system and better adapt it to current economic conditions. The proposed legal effect is as of January 1, 2025; during the legislative process, some provisions of the draft may of course be changed and the force of legislation itself may be deferred.