- Introducing two thresholds for CZ VAT registration: CZK 2,000,000 for which the taxable person becomes CZ VAT payer from the first day of the following year; and CZK 2,536,500 for which the taxable person becomes CZ VAT payer from the following day.
- Implementation of special scheme for small enterprises.
- Shortening the period to claim input VAT deduction from 3 years to 2 years.
- Extending the period to obligatory correction of tax base for taxable supplies from 3 to 7 years.
- New obligation to reimburse input VAT deduction on unpaid liabilities after 6 months.
- New obligation to apply open market value for the supply of immovable property between employer and employee.
Source Leitner & Leitner
