Czech Republic - Check your paid invoices. If you have been owing VAT for 6 months, you will get a refund. The news will affect invoices due in January for the first time. Quarterly payers will be affected for the first time for the 3rd quarter. The Senate has approved the single monthly employer report. It will replace 25 forms. You'll file for the first time in April.
The House of Commons will again discuss the tax exemption of income from the sale of companies. The limit of CZK 40 million, from which the sale of a company or shareholding is taxed, is to be abolished.
The Senate also approved an amendment to the Accounting Act. From next year, small accounting units do not have to prepare an audit.
The EU is planning new taxes. The European Commission is proposing a tax on companies with a turnover of more than €100 million and wants to tax tobacco and e-waste.
Will Slovaks accept cards everywhere? The Slovak Ministry of Finance is proposing an obligation to allow customers to make cashless payments.
Romania is increasing VAT. Count on it if you do business with this country. The standard rate has risen to 21 %, the reduced rate is being consolidated to 11 %.
Prague's tax offices will move to Harp. The tax administration wants to save money, so it is moving from the old buildings to Prague 9.
The Financial Administration will auction 2 000 gold jewellery items.15 kg of gold worth CZK 43 million came from Turkey and a Czech company wanted to sell them abroad.
Don't forget!
Pay your 1st real estate tax installment by September 1. Applies to farmers with taxes over CZK 5,000.
Pay your quarterly windfall profits tax deposit by September 15.
Pay your quarterly income tax deposit by September 15.
Claim your EU VAT refund by 30 September.
File your excise tax return for the 2nd quarter of 2025 by September 30.
UOL Accounting / gnews.cz - GH