01.20.23

Increase in VAT registration threshold

Increasing the VAT registration threshold in a country has multiple fiscal implications- one being the simplification of the VAT process, as a reduced number of businesses will be subject to being caught within the scope of the VAT registration threshold. Small businesses especially stand to benefit.  Of course, countries also need to consider the impact these will have on their economic position.  

From 1 January 2023, the Czech Republic will increase its VAT registration from CZK 1 million to CZK 2 million- the latter equating to c. 80,000 Euros. The doubling of the VAT registration threshold represents a significant reduction in the number of businesses falling under the scope of the VAT threshold.  

El cumplimiento es complicado

¿Desea obtener más información sobre cómo Tungsten Network facilita el proceso de cumplir con los requisitos?

Browse Czech Republic updates

Lower VAT rate for recycled products
  • Información del tipo de IVA/IBS
Austerity and consolidation package
  • Actualizaciones de los países
VAT rate consolidation
  • Información del tipo de IVA/IBS
Proposal to consolidate reduced rates
  • Información del tipo de IVA/IBS
Increase in VAT registration threshold
  • Actualizaciones de los países
VAT registration threshold increase
  • Actualizaciones de los países