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  • New data required in the Czech Control report

    As from 1 January 2018, the Czech control report requires additional information on each transaction. In addition to the information included in the report until last December, the following data must be added as from last January: ID and address of the supplier and customer included in the report. Amount of VAT to be deducted. In certain cases, information about payments made or received. ID and address of the taxable person submitting the report The information on Czech Control report...
  • Expected changes on control report content requirements

    Czech Republic Tax Authorities are planning to change data requirements in the Control report periodic VAT obligation. Forecoming changes The parliament approved an amendment to the VAT law which sets out the information that taxable persons must include in their control reports. This amendment states that in addition to the general data, the following information should be included: Customers and supplier's identification data. Additional taxable person's identification data, such his ID or his contact details. Information about any deduction made...
  • Timing rules on Czech VAT deduction

    As from 1 April 2017, Czech VAT deduction rules regarding reporting have been simplified, enabling deduction of input VAT by partially exempt businesses. This deduction was previously required within the calendar year in which VAT became deductible. This time limit has been extended, with certain restrictions, to any reporting period within the statute of limitations. Most European countries allow input VAT to be deducted at any point within the statute of limitations. However, countries like Poland require purchase invoices to...
  • Czech Republic waives penalties on VAT Control report

    Changes to the VAT Control report in the Czech Republic Czech Republic introduced the VAT ledgers return last January 2016. This new VAT reporting obligation, also known as VAT Control Report, required all taxpayers to report details of each AR and AP transaction on a periodic basis. Despite the efforts of the tax authorities to publish manuals and FAQ reports on the new requirements, taxpayers have struggled to comply with all system and content requirements. The Czech government amended the...
  • Czech Republic extends reverse charge (again)

    Repeated reverse charge changes by the Czech Republic The Czech tax authorities have expanded the use of the reverse charge mechanism to wholesale supplies of selected telecommunication services. The new rules apply as from 1 October 2016. Czech Republic extended the reverse charge mechanism to electricity and gas last February. This mechanism was then extended to all supplies of goods and services made by non-established companies. And last year Czech Republic requested the European Commission to allow a general reverse...