26th March 2020

The government has approved a second Tax Liberation Package

The package also includes the remission of the fine for late filing of a real estate acquisition tax return, for late payment of a real estate acquisition tax or an advance on this tax. Without the risk of a penalty, these returns can be filed by 31 August 2020. The last measure is to suspend the obligation to electronically record sales for entities in all stages of the EET (Elektronická evidence tržeb – Electronic Sales Records) for the period of the emergency and the following three months. "Loss carryback" and suspension of EET now require amendments to the respective laws.***

Martin Diviš, Tomáš Vlk
PwC | Daňové a právní služby

Members of the American Chamber of Commerce in the Czech Republic