As of 1 September 2020 Czech Republic at last implemented an amendment to the VAT directive concerning quick fixes in the Czech VAT Act.
From 1 January 2020 until the end of August it was possible to use a direct effect of the VAT directive.
Recently the Czech Financial Administration published on its website the information where it explains new rules to the Czech public.
Source: Czech Financial Administration
General financial directorate has released guidelines concerning the “Quick fixes”
Contribution by:
Ondřej Štědrý
Tax Adviser
Prague
Czech Republic
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