Amendment to the VAT Act – Increase in VAT Registration Threshold

15. December 2022 | Reading Time: 1 Min

On January 1, 2023, the amendment to the VAT Act will come into force, which, among other things, increases the turnover limit for the creation of a liability from CZK 1 million to CZK 2 million.

In connection with the increase in the limit for VAT registration, according to the amendment, it is also possible to deregister from VAT if the turnover for the last 12 calendar months does not reach CZK 2 million.

Filip Oudes (filip.oudes@tpa-group.cz) will be pleased to provide you with further details.