Amendment to the Compensatory Tax Act

The Senate debated and approved an amendment to the Compensatory Tax Act which prolongs the deadline for submitting the first informative overview from ten to fifteen months after the end of the reporting period. During the debate, a number of other amendments regarding insurance companies were approved. The deadline for the input (i.e. first) period is 18 months. The deadline for the input period, which is the calendar year 2024, is now 30 June 2026.
The Czech compensatory tax return should be submitted within 22 months after the reporting period. In the case of the calendar year 2024, the deadline is 31 October 2026.
It is expected that the form for submitting the tax return and the informative overview will be the same for both the taxes and it will be based on the global informative overview according to the OECD rules.