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Czech Republic Waives Certain VAT Penalties Due to COVID-19

08 March 2021

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Approved Changes

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Czech Rep

The Czech Republic has published Financial Bulletin No. 13/2021, which includes a decision from the Minister of Finance that forgives taxable persons registered for value added tax (VAT) from certain VAT penalties and late payment interest due to COVID-19. According to the decision, the following penalties and late payment interest are waived: The penalty for the late filing of a VAT return for the taxable period of February 2021 that the taxpayer is obliged to file by 25 March 2021 and the penalty for late filing of an additional VAT return for previous taxable periods that the taxpayer is obliged...