Czech Republic Lower House Considers Bill to Amend VAT, Income Tax Act Due to War, Coronavirus

The Czech Chamber of Deputies June 22 accepted for consideration Bill No. 254/0, to amend the VAT and Income Tax Act due to the ongoing Russia-Ukraine conflict and the coronavirus pandemic. The bill includes measures to: 1) provide rules concerning non-compliance with flat-rate arrangements, the flat-rate mode band, and the calculation method of public health insurance premiums under the flat-rate regime; 2) establish tax credit and tax filing rules; 3) increase the annual turnover limit for payroll to 2 million Czech korunas (US$84,901) from 1 million korunas (US$42,450) for transposing the EU directive concerning e-commerce VAT registration; 4) provide rules ...