A draft amendment to the value added tax (VAT) law would impose new record keeping and reporting obligation on “payment service providers” beginning 1 January 2024.
The proposed obligation is based on changes to EU legislation establishing a central electronic system of payment information (CESOP) that will provide information on cross-border payments received by recipients from consumers shopping online.
Source KPMG
Latest Posts in "Czech Republic"
- Major VAT Refund Simplification for Foreign Businesses Importing Goods to Czech Republic from 2026
- Maximizing Czech VAT Revenue: How Much More Can Be Collected Without Raising Tax Rates?
- Key VAT Changes for 2026: New Rules, Refunds, and Financial Services Updates
- New Electronic VAT Refund System for Non-EU Tourists in Czech Republic from 2026
- EU Urges Czechia, Greece, and Slovakia to Fully Implement Key Customs Systems
