V Celnici 1031/4, 110 00 Praha 1
Czech Republic
IČ: 47902728
Registered in the Commercial Register maintained by the Municipal Court in Prague under file. C 54606.
The European Court of Justice has ruled that the tax point for VAT may be defined as the moment of formal acceptance of work performed under a construction contract. In its judgement of 2 May 2019 (C-224/18) the court stated that the tax point may arise at the time of formal acceptance of the work stipulated in the contract.
As of July 2019 the new “pay-and-refund regime” for withholding tax takes effect. The new regulations will cause additional tax obligations for many taxpayers, who make larger payments of dividends, interest, royalties or fees for intangible services to foreign recipients. Larger payments are generally payments which, in total, exceed PLN 2 million to the same recipient in the year.
A new amendment to Act No. 235/2004 Coll. on value added tax will come into effect as of 1 April 2019.