Government approves extension of tax breaks

(ČIA) The government approved at its session on June 8, 2020, the Liberation Package III. The Ministry of Finance (MF) informed that the proposal regulates several tax reliefs adopted under the Liberation Package I and II and in particular postpones the deadline for filing income tax returns until August 18, 2020. The package further extends the VAT waiver to gratuitous supplies of protective equipment until July 31, 2020. The duty to file tax return and reimburse the real estate acquisition tax was postponed until December 31, 2020. There will also be an automatic waiver of interest on all taxes for the period from the onset of the emergency to December 31, 2020 in cases where the tax administrator will allow coronavirus-related delays.



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