- Maximum limit for VAT deduction when purchasing a car is now set at 420,000 CZK from January 2024
- This will affect purchases of cars in the price category above 2 million CZK, including used cars
- Cars purchased from January onwards will not be eligible for extraordinary depreciation
- Those who paid a deposit by the end of 2023 are not affected by the new restriction
- Some businesses are considering establishing companies in Slovakia or Poland to take advantage of lower VAT rates
- Ready-made companies with VAT payer status in Slovakia and Poland are available for purchase
- Specific rules for VAT deduction in different countries and criteria for new and used vehicles must be considered
Source: pkfapogeo.cz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
