Czech Republic Tax Agency Clarifies Input VAT Deduction Rules on Acquisition of Long-Term Assets

The Czech Financial Administration Dec. 28, 2025, clarified the input VAT deduction rules for acquisitions of long-term assets, from Jan. 1, 2025. The clarification includes: 1) input VAT deduction claim procedures, when acquiring long-term assets for which a partial input VAT deduction is claimed; 2) the incorporation of the EU cross-border regime for small enterprises into the VAT Act, with the prohibition against input VAT deductions for payers upon taxable supplies for use other EU countries; 3) that input VAT deductions must be claimed by the end of the second calendar year after the relevant year, for claims arising on ...