The Ministry of Finance of the Czech Republic has submitted a tax package (here), where, among other things, it proposes to increase the threshold for mandatory registration to VAT from one to two million korunas.

The Czech Republic has requested an exemption from the European Commission for this purpose, so that it can apply the increase in turnover from next year already and not from 2025 according to the already approved legislation.

The deadline for filing a subsequent control report may also be extended to 17 calendar days from the delivery of the tax administrator’s summons to the taxpayer’s data box and the fines for late submission or failure to submit a control report may also be reduced for sole traders and limited liability companies with a natural person as the only shareholder.
 
The proposed changes will probably take effect from 1 January 2023.
 
For more information on the above and on the proposed changes in other areas, see the press release of the Finance Ministry (here).