COVID-19  •  Analyses & Etudes

Government package of measures in the area of taxation

In connection with the spread of the coronavirus in the Czech Republic, the government has approved a package of measures in the area of taxation, the goal of which is to mitigate the economic impacts of the current situation on entrepreneurs and companies and to limit greater concentrations of people at tax offices and post offices.

Liberation tax package

On 16 March 2020, a decision by the Minister of Finance was published on the remission of tax accessories and administrative fees due to the extraordinary events as well as instruction GFŘ-D-44 from the General Financial Directorate to the remission of interest on late payments, interest on the cut-off amounts and fines for not submitting control statements. This refers to these measures:

  • The system-wide remission of fines for the late submission of personal and corporate income tax returns and the withholding tax settlement and the remission of interest on late payments, all to 1 July 2020 at the latest; if the taxpayers submit income tax returns (and pay this tax) three months later, they will not be fined for it,
    • In this context, we would like to specify that the date for the submission of tax returns is not being moved, only the fines for the late submission of the tax return and the payment of the tax are being remitted,
    • We would also point out that the submission of tax returns is, in many cases, connected with obligations in other areas (e.g. self-employed individuals have a deadline for submitting the tax return decisive for determination of the deadline for submitting the overviews of income and expenses and the deadline for the payment of the insurance, where fines for the late submission and payment were not forgiven), or the non-adherence to the deadlines in question could have an influence on the assessment of the taxpayer in the future,
    • With regard to the information above, Mazars will exert every effort to submit these returns during the standard legal periods in order to fully eliminate the possible negative impacts in other areas.
  • The remission of the fines for the delayed submission of other tax reports in all cases where the tax subject individually requests a remission of the interest from the late payment or on the tax cut-off or instalment and demonstrates any reasons related to the coronavirus,
  • The system-wide remission of fines for VAT payers for the delayed submission of a control statement in the amount of CZK 1,000 that occurred between 1 March and 31 July 2020,
  • The possibility of the individual remission of fines for not submitting a control statements for the periods from 1 March to 31 July 2020, if a connection with the coronavirus will be demonstrated,
  • The system-wide remission of the administrative fee for submitting a request for the tax cut-off or instalment, requests for the remission of interest on late payments or from the cut-off amount, and requests for the remission of fines for the non-submission of a control statement, for requests submitted by 31 July 2020,
  • The last wave of the electronic evidence of sales, which applies to attorneys, doctors, tradesmen, etc. will be launched on 1 May 2020. The tax and customs administration will proceed with maximum tolerance and only fulfil an advisory function for a period of three months starting from 1 May 2020.

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