Czech Republic: Relief for late filing of tax returns; various business support programs (COVID-19)

Czech Republic: Relief for late filing of tax returns

Tax measures in response to the coronavirus (COVID-19) pandemic include penalty relief for the late filing of income tax returns and new programs intended to support or provide relief for businesses.

  • The Ministry of Finance announced that under certain conditions, penalties for the late filing of income tax returns for the 2020 tax period (and related default interest and interest on the deferred tax amount) will be waived. The relief applies for both corporate and individual (personal) income tax returns for the 2020 tax period if the returns are filed no later than 3 May 2021 (or by 1 June 2021 if filed electronically). Read an April 2021 report

  • The government announced new programmes to support business activities. One program aims to compensate for fixed costs incurred by entrepreneurs that reported a significant decrease in sales compared with the period before the COVID-19 pandemic. A second program provides support for maintaining business activities and operations (e.g., expenses for materials, loan repayments or personnel expenses) incurred between 1 February 2020 and 31 March 2021. Read an April 2021 report

  • After a municipal court in Prague found certain health protective measures (including an obligation to produce a negative COVID-19 test before entering the Czech Republic) were contrary to law, the health ministry issued a new protective measure restricting state border crossings effective 5 April. Read an April 2021 report

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