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"
- 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
- ECJ C-796/23 (Česká síť) – Judgment – Managing partner not liable for other partners’ independently provided service VAT
- New Electronic VAT Refund System for Non-EU Tourists Effective January 2026
- Czech Government Proposes Major VAT Reforms Including 0% Rate on Prescription Medicines
