Tax and legal news

The Income Tax Act implemented the possibility to use past tax losses retroactively. It applies to tax losses accrued in the tax periods ending 30 June 2020 or later with respect to personal and corporate income tax and it covers up to two preceding tax periods where the tax loss was created.

Changes to the Tax Code mean also changes to deadlines for the submission of income tax returns (tax periods of at least twelve months).

The Financial Administration plans to launch an on-line financial office (the site MOJE daně, i.e. MY taxes) on 28 February 2021.

In January 2021, remission of real estate tax and road tax accessions has been approved if the road tax returns and real estate tax returns are submitted by 1 April 2021.

The government approved a decision of the Finance Minister to waive VAT on respirators because of the extraordinary situation during its meeting in February 2021.

The meal voucher allowance, which was implemented on 1 January 2021, extends the possible ways of providing or financially supporting meal services for employees.