Tax and legal news
21.07.2022
On 21 June 2022, the government of the Czech Republic and the government of the state of Qatar signed the Agreement for the elimination of double taxation with respect to taxes on income and for the prevention of tax evasion and avoidance.
New double taxation treaty between the CR and Qatar
30.05.2022
With respect to the conflict in Ukraine, an amendment to the Income Tax Act has been approved that introduces new possibilities in respect of tax relief regarding donations provided by tax payers to Ukraine.
Donations provided to Ukraine
30.05.2022
The above-mentioned new government bill amending the Income Tax Act proposes support for owners of low-emission vehicles. The bill suggests reducing the amount of taxable income, which increases the tax base of employees who use company cars for private trips.
Tax advantages for low-emission vehicles
30.05.2022
In the light of the dramatic increase in fuel prices this year, the Ministry of Finance has issued a general waiver to all entities regarding 2022 road tax deposits.
General waiver of the 2022 road tax deposits and termination of road tax for cars and buses
30.05.2022
On the basis of an amendment to the Income Tax Act effective from 1 June until 30 September 2022, the excise tax on diesel and unleaded petrol will be reduced by CZK 1.50 per litre as a means of mitigating the current rise in fuel prices.
Temporary decrease of excise tax on fuel
30.05.2022
The Ministry of Finance has submitted its amendment to the VAT Act to the comment procedure. The bill should increase the yearly turnover for mandatory registration for VAT to CZK 2 million (EUR 85,000) and it should become effective from 1 January 2023.
Increasing the turnover limit to CZK 2 million for mandatory registration for VAT