Taxes

Exemption of testing for the COVID-19 disease from VAT

Exemption of testing for the COVID-19 disease from VAT

According to the information from the General Financial Directorate (you can find its full version here), a test for the COVID-19 performed not only upon a request issued by a doctor or a hygiene station, but also in other cases (e.g. testing upon…
Abuse of right in taxes

Abuse of right in taxes

We would like to draw your attention to a judgment, which brings a further shift in the application of abuse of right in taxes. This is judgment of the Prague Municipal Court from 22 February 2021 file no. 10 Af 29/2019 - 123 in the matter of…
Information on payment of real estate tax for the year 2021

Information on payment of real estate tax for the year 2021

Postal orders for payment of real estate tax are in most cases sent annually to taxpayers, who are natural persons, or to legal entities, who do not have a data box set up. The Financial Administration has issued the information on how it will look…
Mistakes in flat-rate tax prepayments

Mistakes in flat-rate tax prepayments

We would like to remind you that the deadline for paying another flat-rate tax prepayment, in effect since the beginning of this year, is approaching. The Financial Administration has registered various mistakes in connection to the flat-rate…
Reporting of income going abroad and changes from the year 2021

Reporting of income going abroad and changes from the year 2021

Act no. 609/2020 Coll. has newly adjusted the stipulation of article 38da of the Income Tax Act (“ITA”), which stipulates the obligation to announce income going abroad. Under article 38da of the ITA, legal entities as well as natural persons…
Taxation of income on grounds of some financial support within the state of emergency

Taxation of income on grounds of some financial support within the state of emergency

As a result of the pandemic situation, we are unfortunately all limited daily by government measures, which are sometimes frustrating for us. It is necessary to realise, however, that these restrictive measures impact especially the entrepreneurs,…
Digital tax being considered again

Digital tax being considered again

In the middle of March, the finance minister negotiated with representatives of other EU countries at the informal Ecofin video conference, discussing mainly taxation of digital economy. In the future, governments want to achieve that supranational…
Financial Administration has begun to pay a new compensation bonus

Financial Administration has begun to pay a new compensation bonus

Financial authorities began to pay a new compensation bonus of CZK 1,000 per day on 16 March 2021. It can be requested retrospectively from 1 February until 31 March at the latest, so a maximum of CZK 59,000. An online request for is available on…
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