Until 31. 12. 2024, turnover will not exceed 2 million CZK for 12 consecutive calendar months. On 5. 4. 2025, turnover will exceed 2 million CZK for the calendar year 2025. And subsequently on 8. 9. 2025, turnover will exceed 2,536,500 CZK.
Mr. Novák will become the payer:
From the first day of the second month after the turnover is exceeded, i.e. from 1 December 2024.
From 1 January 2026 – from 1 January of the year following the year of exceeding turnover.
From 9. 9. 2025. After exceeding the turnover of 2 million CZK, Mr. Novák must submit a payer registration within 10 working days of exceeding the limit of 2 million CZK. In this first application, he can voluntarily choose to become a payer the day after exceeding the turnover of 2 million CZK. If he does not choose this option, he must monitor the exceeding of the second limit of 2,536,500 CZK by the end of 2025. Within 10 working days of exceeding the second limit, he must submit an application for registration and notify the exceeding of the second limit.
Removal of VAT deduction restrictions for sports vehicles
According to the currently valid wording of the VAT Act, VAT cannot be deducted for a passenger car of category M1 in an amount exceeding the VAT amount of CZK 420,000 . The only exceptions to this deduction limit are currently ambulances, hearses or cars purchased for the purpose of operating road motor transport on the basis of a concession.
A deduction higher than CZK 420,000 would now also be possible for sports vehicles that are registered in the register of historic and sports vehicles and that have been issued a sports vehicle license in accordance with the Act on the Conditions of Operation of Vehicles on Roads.
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Tax exemption on the delivery of a book
The exemption from VAT on the supply of books will now also apply to leaflets , provided that the existing condition is usa phone number data met, i.e. that advertising does not represent more than 50% of its content.
According to the current regulation, the basic tax period is monthly. If the conditions are met, the payer can switch to a quarterly tax period . One of the conditions for switching to a quarterly tax period is that the payer's turnover for the previous calendar year did not exceed CZK 10 million . This limit will now be increased to CZK 15 million, i.e. payers with turnover below CZK 15 million will be able to switch to a quarterly tax period.