Announcement of the Ministry of Finance13/07/09 / cata_tax-news

Communication from Ministry of Finance, Division 15, of 15 June 2009, on application of tax base relief for refinancing of mortgages

The Ministry of Finance (MF) published an approach for interpreting a statement under section 15(3)(h) of statute No. 586/1992 Coll., Income Tax Act, that allows amounts of interests paid on mortgage payments to be deducted from the tax base. The MF set forth that this statement cannot be applied for interest paid on refinancing of an original loan. In compliance with the opinions of the MF´s magistrates, the interest paid on refinancing of a mortgage cannot be claimed as a non-taxable in calculation of the tax base.

Communication from the Customs Administration Office dated 5 June 2009

The Customs Administration Office published a warning that all tradesmen doing business with third countries, meaning non-EU member states, are obliged to keep a unique EORI reference number for their trades with the third countries, to be allotted by the Customs Administration Office. Unique EORI numbers have been already allocated to the majority of Czech businessmen on the basis of records of the Customs Administration Office. Those who wish to trade with third countries and have not yet been allocated an EORI number should request a domestic customs office for allocation of a number.