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Update - Czech Republic Publishes Law Providing Increased VAT Registration Threshold, Windfall Tax, and Other Measures

|Approved Changes|Czech Republic
Czech Republic

The Czech Republic has published Law 366/2022 in the Official Gazette, which was signed into law on 28 November 2022. As previously reported, the law provides for an increase in the VAT registration threshold from CZK 1 million to CZK 2 million, extends accelerated depreciation for assets in the first and second group acquired in 2022 and 2023, and introduces a temporary windfall tax on excep…

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