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Czech Republic Proposes VAT Act 2025 Amendment Draft

Proposed changes include:

  • Amending regulations for calculating tax base for supplies to employees
  • Reducing scope of financial activities exempt from VAT
  • Adjusting tax base for irrecoverable receivables
  • Shortening time limit for deducting VAT using credit note to two years

Source: regfollower.com

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.

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