- In 2013 and 2014, international companies in the Czech Republic faced challenges with withheld VAT refunds
- Tax audits and controls were initiated, funds were withheld for up to two years
- Companies protested and eventually, interest on withheld deductions was acknowledged
- A groundbreaking decision in 2024 allowed for “interest on interest” in tax law
- This opened the possibility for claiming additional levels of interest
- PwC CZ helped recover additional interest on unjustly withheld VAT deductions
- Companies facing this situation should explore the opportunity for claiming additional compensation
Source: michaelamerz.org
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.
