The amendment to the Income Tax Act and Road Tax Act was published in the Collection of Laws. What does it bring us?

The awaited amendments to two tax laws were published in the Collection of Laws, concerning the abolition of road tax for certain types of vehicles and the promotion of the use of alternative energy sources in the field of income taxes. Specifically, both amendments will be reflected namely in the following way:

• Only vehicles of categories N2 and N3 and their towed vehicles of categories O3 and O4 are subject to road tax in 2022, if they are registered in the Register of road vehicles in the Czech Republic (for example, passenger cars are no longer subject to the tax),
• There is a significant reduction in the depreciation period for electric car charging stations, being reduced from 10 to 5 years. These are so-called Wallbox stations and also free-standing charging stations,
• Free provision of the so-called low emission vehicle (electric car, hybrid car, natural gas powered vehicle etc.) to employees for both business and private purposes represents the employee’s income of 0.5% of the input price. In case of providing other vehicles, the income is still 1% of input price.

publikováno 01.07.2022