Czech Republic

An extensive Value-added Tax (VAT) Act amendment was adopted. A registration threshold of 2 million Czech koruna (CZK) is newly calculated for the calendar year. If the turnover exceeds CZK 2,536,500, the entity becomes a VAT payer immediately. A time limit for input VAT recovery was shortened and rules for its adjustment in case of overdue debts were modified. The Small Business Scheme was extended. A number of other changes also come info effect.

There are no other significant changes in corporate taxation envisaged for 2025.