Dear readers,
You will find our short news in the Czech Republic for February 2023 below:
- The General Financial Directorate published an Update on tax consideration of obligations of transport service providers effective as of 1 January 2023; more information is available here.
- The Financial Administration informs about duties of self-employed persons in relation to electronic filing of tax returns on their website. Since 1 January 2023, the category of persons for whom data boxes are established under law has been expanded, which has resulted in the obligation of self-employed persons to file their tax returns electronically.
- The Government presented an amendment to Act No. 235/2004 Coll., on Value Added Tax, to the Chamber of Deputies; the amendment addresses new obligations for payment service providers. Effective from 1 January 2024, payment service providers will be obliged to keep a register of performed cross-border payments and the payments’ receivers (in the event the specified number of payments is exceeded). You can find the Parliamentary print on the amendment here.
- The EU Council included Russia, Costa Rica, Marshall Islands and British Virgin Islands in the list of tax havens; the countries’ inclusion in the EU list of non-cooperating jurisdictions brings tax implications and duties (the CFC Rules, DAC6). The Ministry of Finance issued Financial Newsletter for March 2023, announcing the updated list.
- Effective since 1 February 2023, employers can apply an insurance premium discount for selected groups of employees up to the amount of 5%; you can find more details on the website of the Czech Social Security Administration Authority.
Michaela Kozminská Lenka Kolmanová
kozminska@edmutilitas.cz kolmanova@edmutilitas.cz
