Czech Republic Guidance on Changes in Late Payment Interest

The Czech Republic has published Financial Bulletin No. 19/2021, which provides guidance in relation to changes in interest payable by taxpayers on late tax payment, etc. with effect from 1 January 2021. This includes that taxpayers are required to pay default interest for each day of delay, starting on the fifth working day following the due date up to and including the date of payment. Up to…
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