You have probably already noticed the draft amendment to the VAT Act, which is set to increase the limit for compulsory VAT registration from CZK 1 million to CZK 2 million. Many small VAT payers were surely delighted by the publication of this proposal, because those with turnover in the range of CZK 1-2 million for the last 12 months will also be able to deregister and cancel their VAT registration.
Source: BDO CZ
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