Czech Republic Gazettes Law Amending Tax Code

The Czech Official Gazette June 26 published Law No. 283, amending the tax code. The law includes measures: 1) aligning tax rules with EU regulations; 2) establishing electronic tax administration and simplifying control procedures; 3) revising the tax sanction and penalty system; 4) allowing electronic VAT submissions and refunds for excess VAT payments; 5) clarifying refundable tax amounts, deductions for advance payments, and refund procedures; and 6) clarifying co-ownership registration for real estate taxation. The law enters into force Jan. 1, 2021. [Czech Republic, Government Legal Database, 06/26/20]

Reference:
View Law No. 283/2020 of 06/11/20. View Index.