On 1 January 2021, the changes brought about by the amendment to the VAT Act shall take effect, according to which the identified person is obliged to file tax returns or additional tax returns, summary reports, and only submit an application for registration or notification of a change in registration data electronically. Only individuals with a turnover of less than CZK 6.000.000 are exempt from this rule.
The period for filing taxes of Czech entities can be a calendar quarter or a month.
Source Credit: financnisprava.cz / VATupdate.com