VAT declaration

 

Summary of important changes in VAT-code, effective from JAN 1st, 2010:

 

  • Increase of VAT rates: reduced rate from 9% to 10%; basic rate from 19% to 20%
  • Changes to the place of supply rules for services (place of supply is based on where the customer is located or the service is consumed)
  • An additional obligation to make an Electronic Sales Listing report of cross-border services
  • Changes to the method by which applications for 8th Directive Refunds are made changes to the place of supply rules for electronically supplied services

 

Liability limits to VAT Registration in Czech Republic: 

 

  • Domestic corporate body / individual: Turnover higher than 1,000,000 CZK in successive 12 months
  • Foreign body, VAT payer delivered goods to Czech Republic to non registered customers  – limit 1,140,000 CZK in calendar year (mail-order trade)
  • Tax return delivery date – 25th day of next month