MF expects VAT collection to grow to CZK 450.7bn

Published: 27.01.2021 Related countries:  Egypt Egypt

The ministry expects VAT collection to total CZK 472.5bn in 2022 and CZK 491.3bn in 2023.

The Czech Ministry of Finance (MF) expects a year-on-year increase in the collection of legal entities’ income tax, excluding tax paid by municipalities and regions, from CZK 147.5bn to CZK 148.4bn. The collection should total CZK 166.7bn in 2022 and CZK 183.8bn in 2023. According to the forecast, VAT collection should total CZK 450.7bn in 2021 (2020: CZK 430.2bn). The ministry expects VAT collection to total CZK 472.5bn in 2022 and CZK 491.3bn in 2023.

Source: CIA News

Prepared by the team of CzechTrade Cairo