Czech Republic Effectively Defers VAT Payment to October 2022 for Taxpayers in the Transport Sector

The Czech Ministry of Finance has announced a waiver of interest penalties on the late payment of VAT by taxpayers in the transport sector that effectively allows for the deferral of VAT payments until 31 October 2022. The deferral/waiver applies for VAT due for the monthly periods February to August 2022 and for the first and second quarterly periods in 2022. VAT returns for the respective periods must still be submitted on time and the competent tax office must be notified that the majority of income for the period comes from transport business. In addition to the VAT deferral, an exemption from advance payments of road tax is also provided for the entirety of the 2022 tax period. The road tax itself, however, is not waived.

Source Orbitax

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