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Czech Republic Sets Out Electronic Tax Administration Plans

by Ulrika Lomas, Tax-News.con, Brussels

30 August 2019


The Czech Ministry of Finance on August 26 announced that it intends to digitalize many tax procedures.

According to the Ministry, an amendment will be made to the tax code to enshrine in the country's tax law the administration of the tax system via the MY TAX portal.

The amendment will also improve value-added tax registered persons' ability to reclaim excess input tax credits as well as simplify tax compliance procedures, reduce tax penalties and interest, and promote electronic communication with the tax office, the Ministry said.

The changes will also enable the tax agency to pre-fill information in taxpayers' returns and roll out more widely electronic tax returns. Those who submit tax returns online will also benefit from a one-month extension to the submission deadline and expedited refunds for overpayments.

The amendment must be approved by parliament before entering into force, which the Government expects to take place in May or June 2020.

TAGS: compliance | Finance | tax | value added tax (VAT) | tax compliance | interest | law | Czech Republic | penalties | individual income tax

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