Postponement of the effective date of the amendment to the VAT Act in the field of real estate

In early May, the Senate of the Czech Republic adopted a change in the date of effect of the new building regulations, including a related amendment to the VAT Act. The changes, which were to affect the definition of a family or apartment house in the VAT Act from 1 July 2023, will not be effective until January 2024.

Source: Deloitte CZ

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