VAT return
Summary of most 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
VAT rates in Czech Republic, year 2009: reduced rate = 9%, basic rate
= 19%
Rate 9%: basic foodstuffs, newspapers, medical and pharmaceutical products
Rate 19%: all other goods and services
Zero rate: export of goods and related services, international transport