Taxes
Tax labyrinth of employee benefits - most discussed topics
Below, we summarise the problematic areas discussed during our January seminar focused on employee benefits and meals from 1 January 2024. Most questions were related to topics causing difficulties for employers in practice.
How to apply VAT on selected passenger cars in 2024?
In mid-January, the General Financial Directorate (GFD) issued two information pieces on the practical application of changes to VAT from 2024. In this article, we focus on the Information on the VAT Deduction for Passenger Cars with a Purchase…
Practical information on changes to VAT rates
In mid-January, the General Financial Directorate (GFD) issued two pieces of information on the practical application of changes to VAT from 2024. In this article, we focus on the Information on VAT Rate Changes. Another piece, the GDF’s Information…
GFD Information on Application of VAT from January 2024
Last week, the General Financial Directorate published its Information on the Application of VAT on Selected Passenger Cars from 1 January 2024 and Information on Changes to VAT Rates from 1 January 2024. These documents should clarify several…
Income from stock option plans: discrepancy between time of taxation and time of …
The act amending certain laws in connection with the development of the financial market and the promotion of old-age security entered into effect on 1 January 2024. One of the amended laws was the Income Tax Act, which now regulates the taxable…
Real estate tax turning from small to big
The consolidation package introduces a significant amendment to the Real Estate Tax Act. After more than a decade, tax rates have increased by approximately 80%. Many partial changes intended to intensify the collection of this tax have also been…
How to tax employee benefits from 1 January 2024?
The General Financial Directorate has issued its Methodological Guidance on the Taxation of Benefits and Other Types of Performance Provided by Employers to Employees from 1 January 2024 in connection with the amendment to the Income Tax Act…
Changes in employee income taxation in 2024
Changes in the taxation of employee income for 2024 mainly stem from the amendment to the Income Tax Act approved as part of the consolidation package. A summary of the most important ones is presented below.
Changes in VAT from 2024
On 1 January 2024, the consolidation package came into effect. It also includes an amendment to the VAT Act, introducing two major changes to VAT: the consolidation of two reduced rates of 15% and 10% into one 12% rate (reclassification of some…
Update on Czech and global top-up taxes
At the end of 2023, the law on top-up taxes for large multinational and national groups implementing the EU directive on global minimum tax entered into force. From taxable periods beginning after 31 December 2023, companies and permanent…
Registration in central CBAM registry launched
The carbon tariff (CBAM Directive) is a much talked about topic, especially now at the turn of the year. The directive entered into force on 1 October 2023, starting the transitional period that ends at the end of 2025. The Czech Republic has…
Chamber of deputies approves long-term investment product
In its third reading, the chamber of deputies has approved a bill on the development of the financial market and the promotion of old-age security, which, among other things, introduces a long-term investment product as a new tax-efficient old-age…