Tax and legal news

The Czech government has presented a Recovery Package with 58 measures that represent savings of up to CZK 147.5 billion in the state budget. The government plans to approve the legislative wording during June 2023, with the first reading in the Chamber of Deputies before the holidays and the effective date from 1 January 2024.

There is a new reporting obligation to the social security administration, effective from 1 April 2023.

The threshold decisive for the obligation to file a tax return has changed for the year 2023 from the original amount of CZK 15,000 to CZK 50,000.

The Czech Republic has concluded framework agreements with Germany and Austria regarding persons working remotely in the other country by means of “teleworking”.

The General Financial Directorate has issued updated information on the tax assessment of obligations of accommodation providers. The information reflects legislative changes to VAT, personal income taxes and real estate taxes that are effective from January 2023.

The financial administration has published answers to questions regarding the windfall tax that is to be applied between the years 2023 and 2025.