Czech Republic

Extensive VAT Act amendment was adopted. A registration threshold CZK 2,000,000 is newly calculated for 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. Small Business Scheme was extended. A number of other changes come info effect.

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