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…