Amendment to the VAT Act

An amendment to the VAT Act introduces from 1 January 2023 an increase in the limit for registration for VAT from the current CZK 1 million to CZK 2 million over the consecutive twelve months. The amendment also contains rules for the transitional period (i.e. between 2022 and 2023) and it allows persons who exceed the limit of CZK 1 million not to become VAT payers.