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News & Updates

27/03/2019

Taxable persons will more easily qualify for “return" of paid VAT from irrecoverable debt. From April 2019, an amendment to the Czech Act No. 235/2004 Coll., on the Value Added Tax, will come into force which enables to reduce creditors' taxable income by the value of irrecoverable debt in a much more generous way than so far (the current regulations require that the debtor be declared insolvent and subject to liquidation insolvency procedure). From now on, fruitless debt enforcement (execution) will be also one of the options.

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News & Updates

16/07/2019
Yesterday, the Czech Government adopted new rules simplifying liquidations of companies and other juridical persons.
27/03/2019
Taxable persons will more easily qualify for “return" of paid VAT from irrecoverable debt.

All news