Valued Added Tax (VAT) in Czechia (Czech Republic) was introduced in 1993 and is directly administered by the Ministry of Finance. The local name of the VAT is Daň z přidané hodnoty (DPH), while its legislative framework is mainly included in two Acts:
a) Act No. 235/2004 (VAT Act), which consist of the basic definitions, registration rules, taxable transactions, exemptions and many other important information.
b) Act No. 280/2009 (Tax procedural code), which regulates the procedural side of tax law (e.g. tax audit process, registration procedure, penalties and others).
Learn more about :
- What is the Standard VAT (TVA) Rate in Czechia?
- Requirement to Register for VAT
- When Does VAT Liability Apply?
- Invoicing Requirements in Czechia
- Returns and Deadlines
- VAT Ledger Statement (VLS)
- EC Sales List (ESL)
- Submission
Source Taxbackinternational