On 1 January 2023 will come into effect a relatively extensive tax package. In the last issue, we informed you about the most important changes in the area of income tax and in this issue, we would like to introduce you to the new corporate income tax known as the windfall tax and to the changes in the area of the value added tax.
In the next article we’ll remain with VAT and, in connection with the recent decision of the Court of Justice of the EU, we’ll return to the issue of the identification of the real supplier and customer, which we informed you about in detail in the last issue of our newsletter.
In this issue, we will also present the new notification obligation for operators of digital platforms, which is based on the Council Directive (EU) on administrative cooperation in the field of taxation (the DAC 7 Directive).
We summarised for you the guidelines of the General Financial Directorate, which specifies the conditions for the waiver of a fine for the non-notification of exempted income for natural persons.
In another interesting article, you will read under what conditions it will be possible, from 1 February 2023, for an employer to apply a discount on social security contributions for employees working part time.
We trust that our articles will be helpful and thought-provoking, we wish you a pleasant and peaceful Advent, a wonderful Christmas and much success in the new year 2023.
It enters into force on January 1, 2023 the amendment to the Income Tax Act to introduce a new type of corporate income tax for the calendar years 2023 to 2025, namely a tax on unexpected earnings (commonly referred to as an extraordinary tax, war tax or windfall tax). The administrator of this separate corporate income tax should be the Specialised Tax Office, but in the case of the energy sector,...
The amendment to the Value Added Tax Act (hereinafter referred to as the “Amendment”) will come into effect on 1 January 2023. Below you can find summary of the main changes.
In one of our previous articles, we informed you about tax and court proceedings concerning the additional assessment of VAT in the event that it is not possible to identify the actual supplier and customer by means of evidence, which is, contrary to general understanding, quite common in practice. If it is not possible to identify the actual supplier and the customer, it is not possible to demonstrate...
In mid-November the president signed the amendment to Act No. 164/2013 Coll., on International Cooperation in Tax Administration, implementing the Council Directive (EU) on administrative cooperation in the field of taxation, i.e., the DAC 7 Directive, which introduces a new scope of the automatic exchange of information, effective from 1.1.2023.
Taxpayers - natural persons are obliged, in accordance with the provisions of the Income Tax Act (hereinafter referred to as the “ITA”), to notify the tax administrator of the receipt of income exempt from this tax if the individual income exceeds CZK 5,000,000. Only income that the tax administrators can obtain from registers or records available to them (e.g., exempt income from the sale of a family...
On 1 February 2023, Act No. 216/2022 Coll., amending Act No. 589/1992 Coll., on Social Security Premiums and the Contribution to the State Employment Policy, will come into effect, which will allow employers to apply a discount on premiums for selected employees in part-time employment or service. The aim of the amendment is to motivate employers to create part-time contracts for people who are usually...
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