Proposition to combine existing 15% and 10% reduced rates The Czech Prime Minister, Petr Fiala, has confirmed that his government is considering consolidating the two reduced VAT rates of 15% and 10%. The single replacement rate would be 14% or 13%. The current standard rate
Doubling of the registration threshold to lift thousands of business out of the VAT net The Czechia government has put forward a Bill to double the VAT registration threshold from CZK 1 million to CZK 2 million (about €85,000) per annum. The Czech Republic was been
Doubling of the registration threshold to lift thousands of business out of the VAT net The Czech Republic (Czechia) has been given permission by the European Commission (and European Council) to raise its VAT registration threshold. It will increase from CZX 1 million to the
E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) Ministry of Finance has cancelled the reintroduction of its EEU online VAT cash registers due to the ongoing COVID-19 emergency. The requirement was suspended two years ago, and was to be reintroduced on 1 January 2023.
Potential annual reporting of certain intra-community movements of goods Czechia has introduced from 1 January 2022 a new simplified Intrastat reporting regime. This is comes with a reporting threshold of CZK 20m (approx. €820,000) for both dispatched and arrivals of goods from other EU member
New government aims to stimulate struggling economy by reducing tax and compliance burden for small businesses UPDATE: this proposal has been paused until at least 2023. The new Czech government is aiming to increase the resident VAT registration threshold from CZK 1 million to CZK
E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) has suspend the rollout of its online VAT cash registers until January 2023 due to the ongoing COVID-19 emergency. The implementation of certified registers E-tržby or EET commenced in 2019. It started with hotels
Czechia’ Ministry of Finance wants to raise its Value Added Tax registration threshold from CZK 1million to CZK 2million (approx €79,000) from 1 January 2021. This will lift over 100,000 taxpayers out of the VAT regime. The current CZK 1million threshold has been in place
Czech has again postponed the rollout of the VAT domestic reverse charge for all B2B transactions. The Czech Republic lead the campaign of member states seeking to give the greenlight on the use of the reverse charge on domestic goods. This took over five years,
