The tax return form includes sections for Czech top-up tax, allocated top-up tax, and additional top-up taxes, completed using annexes.
The Czech Republic’s Ministry of Finance has released draft forms for tax and information returns related to allocated and top-up taxes under the Pillar Two rules.
Both taxes share a common tax return and information return, which is modelled on the GloBE Information Return (GIR). The tax return form has three sections: Czech top-up tax, allocated top-up tax, and a joint section for additional top-up taxes. Taxpayers must complete the appropriate section using the annexes.
The Czech top-up tax return form includes calculations for the jurisdictional top-up tax and its allocation to the taxpayer, with a section for investment entities. It covers calculations under the Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR). Detailed instructions reference relevant legal provisions and parts of the information return. The form, available only in Czech, must be submitted electronically in XML format.
The drafts incorporate proposed amendments to the Act on Top-Up Taxes, including extended filing deadlines, and to the Act on International Tax Cooperation, which introduces a standardised format for information returns and facilitates information exchange within the EU (DAC9).
