At the beginning of August, a Supreme Administrative Court ruling that rejected a claim for a VAT deduction on a purchased vehicle due to an incorrectly kept journey log resonated in the media. Since July of this year, the tax authorities have been entitled to request camera records of vehicle...
Archive of all news related to value added tax (VAT) and EET 2022. Everything you need to know about changes in VAT in the Czech Republic sorted by months.
From 1 January 2021, the tax regime cannot be applied to the rental of selected real estate. This situation will often lead to a mandatory refund of part of the VAT deductions claimed. For the first time, this obligation will arise already for the last tax period of 2021!
Direct link between costs and revenues
When a property is transferred to a non-taxpayer, the transferee does not automatically become a VAT payer, as it would, for example, with the transfer of a business enterprise or the spin-off of a property. On the contrary, the contribution may be a taxable transaction that can substantially...
In response to the current developments regarding the war in Ukraine, we are providing brief information on the tax deductibility of donations. The aim of the article is to illustrate how making a donation to a charity can reduce a taxpayer's income tax base and to highlight the different VAT...