Czech Republic: Update on tax package 2019 - KPMG Global
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Czech Republic: Update on tax package 2019

Czech Republic: Update on tax package 2019

The 2019 tax package is currently involved in the legislative process, with the Senate in late January 2019 returning the bill to the Chamber of Deputies with amending proposals.

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The changes approved by the upper house would:

  • Reduce the rate of value added tax (VAT) to 10% for selected goods and services (including drinking water, catering, non-alcoholic beverages and draught beer, clothing repairs, hairdressing services, and home care for children and specific groups of citizens)
  • Extend the deadline for filing electronic tax returns from three months after the end of the tax period to four months after the end of the tax period (meaning that for calendar year taxpayers, the filing deadline would be 1 May of the following year)

The Senate did not approve a proposal regarding the sale of “non-business” property so that the sale of such property would not generally be subject to VAT.

 

Read a February 2019 report prepared by the KPMG member firm in the Czech Republic

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