Dear ladies and gentlemen,
please be informed about other significant changes in taxation, which should be effective as of 1 January 2012.
- Change of reduced VAT rate
The reduced VAT rate will be changed from 10 % to 14 % as of 1 January 2012. Reduced rate
applies to food and drinks, books and medical goods, etc. The amendment unifies the reduced
and basic VAT rates as of 1 January 2013 on the level of 17.5%, nevertheless the further
changes might occur in this respect.
- Obligation to file real estate tax return for improved land surfaces by 31 January 2012
The amendment to the Real Estate Tax Act takes effect from 1 January 2012, which establishes
a special tax rate (significantly higher than the original rate of land tax) for the improved land
surfaces used for business purposes. Improved land surfaces under the new definition are
specified as a land or part thereof set in square meters, registered in the Land Register as type
of land – other area or build up area and courtyard, with surface improved by the construction
under the Construction Act without a vertical supporting structure.
The improved land surfaces have to be taken into account in ordinary or partial tax return for
2012, which has to be submitted to the tax office by the end of January 2012. We are prepared
to assist you with the preparation of this tax return.
If you have any questions, please contact us.
Yours sincerely, Accace team