In connection with the recent floods, which affected virtually the entire Czech Republic, the Financial Administration responded to this natural disaster by issuing Information on its website on 18 September 2024. In the context of VAT, the Financial Administration points out that affected taxpayers and identified persons have the option to apply for a waiver of penalties for late submission of tax returns or summary reports and penalties for late submission of control reports. It also comments on the reporting of monetary gifts that are not subject to VAT, the provision of gratuitous material gifts and gratuitous services in relation to the right to deduct tax and output tax. If the taxpayer did not claim a tax deduction for the gratuitous provision of a material gift at the time of its acquisition, the transaction is not subject to tax and no output tax applies. If input tax had been applied, the payer would have to declare output tax on such a transaction. This also applies to gratuitous services provided, for which a tax deduction has been claimed on directly related supplies received. In this respect, tax neutrality must be respected. Further information can be found on the website of the Financial Administration.