On 23 October 2018, the Czech parliament approved amendments to the Czech VAT Act, which should come into effect at the beginning of 2019.
The most important changes relate to:
- Calculation of VAT due
- Activities of an executive (a member of a statutory body)
- Financial lease agreements
- The delivery of the tax invoice
- Debit and credit notes
- Correction of the taxable amount in the case of bad debts
- Continuous supplies
Source: krgroup.eu
