Czech Republic Tax Agency Issues Guidance on Taxation of Employer Provided Benefits

The Czech Financial Administration Dec. 22 issued guidance on the taxation of employer provided benefits, effective Jan. 1, 2024. Topics covered include: 1) taxation of benefits provided to employees in the form of food, drinks, sport equipment, non-monetary benefits, and social events organized by the employer, from the employees’ perspective; 2) taxation of meal benefits for VAT purposes, from the employees’ perspective; 3) clarification procedures for valuation of employees non-monetary income for taxation purposes, from the employees’ perspective; 4) general conditions for employers to claim tax deductions for the benefits provided to the employees, including for individual tax and VAT ...