Blog

Dear Readers,

Please find below our short news for February 2025:

• Please be advised that the deadline for filing a tax bill for income tax on dependent activities for the taxation period 2024 (not electronically) will expire on 3 March 2025.
   
• The deadline for electronic filing of a tax bill for income tax on dependent activities for the taxation period 2024 will expire on 20 March 2025.
   
• Bill on Uniform Monthly Employer Report will be discussed on the next Government’s meeting (5 March 2025). This law’s purpose is to establish a uniform monthly employer report, which will be used by employers in meeting some of their duties to inform in relation to selected public authorities.
   
• Government Regulation No. 44/2025 Coll. was published in the Collection of Laws, the regulation amending Government Regulation No. 158/2024 Coll., on Determining a List of States, Citizens of which are not Required to Hold an Employment Permit, an Employee Card, a Secondment Card or a Blue Card to be Employed or to Perform Work. The regulation comes into force on 1 March 2025 and will expand the list of states, citizens of which have a free access to the labour market, by Taiwan.
   
• Draft Government Regulation on employers’ duties with regard to occupational injuries, which is to regulate the procedure applied by employers in discharging their duties in connection with occupational injuries, went through a reading with comments. What is new to be regulated is primarily the method of keeping a register of injuries, reporting occupational injuries and sending reports of occupational injuries. In addition to this, essential elements of those acts and deadlines for those acts’ performance will be specified.
   
• On 11 February 2025, Act No. 24/2025 Coll., which extends the possibility to deduct the value of free-of-charge supplies (gifts) from the income tax base up to the level of 30% of the tax base until 2026, came into force.
   
• A Government bill, which amends certain laws in the EU financial market’s field (Parliamentary Press No. 784) passed the second reading in the Chamber of Deputies. This bill primarily includes an amendment to the Tax Code composed of a set of partial changes in response to the reform of the Customs Administration of the Czech Republic, the decision-making practice and development in related fields of law. We have been monitoring the legislative process for you and will keep you posted.
   
• The Ministry of Finance submitted a bill to the Chamber of Deputies (Parliamentary Press No. 916), which implements European regulations establishing the European Single Access Point (the “ESAP”) into the Czech laws. The ESAP will be launched in 2027, and information about financial services and sustainability that is mandatorily published will gradually be entered therein until 2030. The purpose of this publicly accessible database is to enhance EU capital markets’ integration and to allow even small investors to make better informed decisions, among others. The bill introduces changes needed for the ESAP to work properly in 16 laws in the financial market field.
   
• Act No. 32/2025 Coll., which became effective on 15 February 2025, was published in the Collection of Laws on 14 February 2025. The amendment concerns implementation of EU regulations in the field of digital finance (the DORA and MiCA regulations) and the Income Tax Act, specifically application of exemption of income from paid transfers of cryptoassets under terms and conditions similar to those applicable to securities.
   
• The Financial Analytical Authority published a new form to report a contact person on 1 February 2025. The form is available here.
   
• In addition to this, the Financial Analytical Authority informed about an extension of the transition period to report contact persons from 3 March 2025 to 10 March 2025. Obligated persons who had previously reported their contact person are required to report their contact person again with the use of the new form within the deadline from 1 February 2025 through 3 October 2025.
   
• In connection with an amendment to the VAT Act effective since 1 January 2025, the Financial Administration published a new version of the VAT return form on 20 February 2025 (Template No. 25).
   
• On 18 February 2025, the Council of the European Union published a list of non-cooperative jurisdictions for tax purposes, which continues to include the same 11 jurisdictions. This list is available here.
   
• On 21 February 2025, the Ministry of Finance of the Czech Republic issued Financial Newsletter No. 5/2025, which contains Instruction No. GFŘ-D-67 on remission of tax accessories and comes into force on 1 March 2025. This instruction cancels Instruction No. GFŘ-D-58 on remission of tax accessories dated 23 November 2022.

Jitka Sobotková
sobotkova@clarksonhyde.cz