Taxes

Deadline for payment of real estate tax approaching

Deadline for payment of real estate tax approaching

The due date for payment of the real estate tax is approaching and the tax administration is responding by sending out a total of 2.8 million envelopes to taxpayers with postal orders for payment of the tax. However, you may also receive payment…
Incorrectly applied tax credit for spouse

Incorrectly applied tax credit for spouse

The Supreme Administrative Court dealt with a dispute between a plaintiff and a defendant (the Appellate Financial Directorate) concerning an appeal in cassation relating to a wrongly applied tax credit for spouse (case no. 10 Afs 186/2020-40). The…
Be aware of possibility of penalty when submitting supplementary tax return

Be aware of possibility of penalty when submitting supplementary tax return

With effect from 1 January 2021, Act no. 280/2009 Coll., the Code of Tax Procedure, as amended (hereinafter the “Code of Tax Procedure”), was amended to change the rule that a penalty of 20 % of the assessed tax does not arise in the event of…
Tax credit for children in case of a dispute between parents

Tax credit for children in case of a dispute between parents

In 2022, the amount of child tax credit that a taxpayer can apply as a reduction in personal income tax liability was increased. This article deals with the conditions for its application, even in cases where the parents of the child in question are…
Buying alcoholic beverages from the EU via e-shops

Buying alcoholic beverages from the EU via e-shops

Based on the currently published information of the Customs Administration, anyone buying alcoholic beverages from another EU member state via an Internet shop may be obliged to declare and pay excise tax. Alcoholic beverages purchased in this way…
Government approves reduction of excise tax on diesel and petrol

Government approves reduction of excise tax on diesel and petrol

The government has decided to reduce excise tax on fuel by CZK 1,5 per litre for both petrol and diesel. The excise tax on a litre of petrol should therefore be reduced from CZK 12.84 to CZK 11.34 and on diesel from CZK 9.95 to CZK 8.45. This is…
VAT on finance leaseback

VAT on finance leaseback

On 1 April 2022, the website of the Financial Administration published the minutes from a meeting of the Coordinating Committee with the Chamber of Tax Advisors of the Czech Republic on 23 March 2022, at which contribution 592/23.03.22 was concluded…
Supreme Administrative Court: On proving the taxation of amounts in a bank account

Supreme Administrative Court: On proving the taxation of amounts in a bank account

The Supreme Administrative Court (“SAC”) has ruled on the obligation of a natural person to prove the amounts credited to his/her bank account and whether they were taxed (SAC Judgment 5 Afs 256/2020 of 22 October 2021), or whether the income in the…
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