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Czech Rep

3 February 2021

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Czech Republic Introduces VAT Refund Changes for 2021

The Czech Republic has introduced amendments to the VAT Law that apply from 1 January 2021. Some of the main amendments concern VAT refunds as follows:

  • The amendment of the rules regarding the refund of excess input VAT to provide that the automatic refund of excess input VAT (without taxpayer request) in the case of normal VAT returns will also apply where excess input VAT is declared in amended (corrected) VAT returns, if approved by the tax authority; and
  • The introduction of new rules for an advance refund payment of excess input VAT in the case of an audit, which provides that where a VAT audit is initiated:
    • an advance refund payment may be provided for the portion of excess input VAT not corresponding to the scope of the audit, subject to the discretion of the tax authorities and a minimum refund amount of CZK 50,000 (previously no refund was provided until the audit and potential assessment was concluded); and
    • after the audit and potential assessment is concluded, any remaining excess input VAT will be refunded or, depending on the result of the audit, the taxpayer may be required to return a portion of the advance refund payment received, or possibly the full amount.

Other changes include that the reduced 15% VAT is extended to the processing of municipal waste for further use, instead of the standard 21% VAT rate.

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