On 16 October 2020, the deputies approved the proposal of the Ministry of Finance to postpone all four phases of the electronic registration of sales until 1 January 2023. The amendment to the Act on the Registration of Sales is now heading to the Senate. The Ministry of Finance took this step on the basis of a careful assessment of the most current health situation, the outlook for economic development and after today’s consultation with all business unions, associations and chambers. Entrepreneurs who wish to voluntarily register their revenues electronically can continue to do so.
Related Posts
Czech Republic: Potential changes to windfall tax on fuel
The Czech Statistical Office has revised the statistical classification of economic activities as per the CZ-NACE. This change may impact the range of entities subject to the "windfall tax" on fuel sales. Additionally, the General Financial
Read MoreCzech Republic upholds advertising expense transfer prices and VAT deduction interest rate
The Supreme Administrative Court (SAC), regarding case 8 Afs 189/2020-127, ruled against the tax authority's claim that the taxpayer's rental payments to affiliated advertising agencies for advertising space at football stadiums and a golf course
Read MoreCzech Republic updates non-cooperative jurisdictions list for CFC rules
The Czech Republic Ministry of Finance issued the Financial Bulletin No. 3/2024, on 28 February, 2024, which contains an updated notice regarding the list of non-cooperative jurisdictions concerning the Czech Republic's Controlled Foreign Company
Read MoreCzech Republic releases amendment draft for VAT Act 2025
The Czech Republic has published the draft amendment to the VAT Act 2025, which is now under consideration by the Chamber of Deputies. The key proposed changes include: Amend the regulations for calculating the tax base when employers offer
Read MoreCzech Republic: Parliament approves changes to investment companies and investment funds (ICIF) act
The Czech Parliament has approved an amendment to the Investment Companies and Investment Funds (ICIF) Act. This amendment includes a technical amendment to the Income Tax Act and introduces various practical modifications related to
Read MoreCzech Republic announces draft legislation for enacting DAC8
On 25 March 2024, the Czech Republic government announced the release of the Draft Bill amending the Act on International Cooperation in Tax Administration and Other Related Acts to implement Council Directive (EU) 2023/2226 of 17 October 2023. This
Read More