The Czech Ministry of Finance June 22 announced a proposal introducing additional tax measures. The proposal includes measures to: 1) increase the VAT registration limit to 2 million Czech koruna (US$84,979) from 1 million koruna (US$42,489); 2) increase the minimum taxable limit to 2 million koruna for income from independent activities under the flat tax rate regime; 3) introduce a three-band division based on annual income amounts to determine monthly flat-rate advances; 4) extend the accelerated depreciation regime, made available due to the coronavirus pandemic, to specified assets acquired in 2022-23; and 5) reduce the fines for the late filing ...
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