VAT waiver for gas and electricity supplies
22.10.2021Company: PricewaterhouseCoopers Česká republika, s.r.o.
As a result of the sharp rise in gas and electricity prices in recent months, the Ministry of Finance has decided to waive VAT on the supply of these commodities, including the advances received for these supplies. VAT will be waived if the tax liability arose between 1 November 2021 and 31 December 2021. The waiver also applies to the import and acquisition of gas from another Member State that will not be supplied by networks or systems (eg a tanker). At the same time, the Ministry of Finance submitted to the government a draft amendment to the VAT Act, which would completely exempt the supply of electricity and gas from VAT for the entire year 2022, with effect from 1 January 2022.
More information here.
Tags: Finance |
