Government support for the economy - taxes
03.04.2020
- Submission of corporate and personal income tax returns for 2019 is postponed until 1 July 2020 (this applies to all taxpayers that are not subject to mandatory audit and who have not granted power of attorney to a tax advisor for submitting and preparing their tax returns)
- Waiving penalties for late submission of tax returns until 1 July 2020 at the latest
- Waiving late payment interest on the late payment of tax arrears until 1 July at the latest
- Payment of a deposit on corporate and personal income tax payable before 15 June 2020 will be waived
- Deposits will be waived automatically (however, waiving the deposit does not mean the tax itself will be waived) - this concerns the second deposit for quarterly payers and the first deposit for half-yearly payers). This does not apply to payers with a tax period other than a calendar year (such payers have to apply for such a waiver).
- Postponement of the submission of real estate transfer tax returns in cases where the deadline for submitting the tax return falls between 31 March 2020 and 31 July 2020 - the new deadline is 31 August 2020.
- Waiving penalties for late submission of tax returns until 31 August 2020 at the latest
- Waiving late payment interest on late payment of tax arrears until 31 August at the latest
- Postponement of due dates for deposits of road tax payable before 15 April 2020 and 15 July 2020 until 15 October 2020.
- Waiving late payment interest on late payment of tax arrears until 15 October 2020 at the latest
- Suspension of the mandatory electronic registration of sales for the duration of the emergency regime and the subsequent three months
- No payers are obliged to register their sales, and no obligation will be inspected.
- Introduction of the concept of using past tax losses (i.e. "loss carry-back"). This measure will be introduced via an amendment to the Income Tax Act.
- Any 2020 tax loss can be set off against the 2018 and 2019 tax bases.
- Deadlines for submitting VAT reports and the deadline for paying VAT does not change. Nevertheless, here too, certain measures have been introduced:
- A flat waiver of penalties for not submitting the control report /amounting to CZK 1,000) if the duty to pay the penalty arises between 1 March 2020 and 31 July 2020.
