5 Major Developments in Czech Republic

5 Major Developments in Czech Republic

• Ownership of goods for VAT purposes (Supreme Administrative Court decision)
• VAT obligations of digital transport service providers (e.g. Uber)
• Obligation to register sales electronically for EET was canceled as of January 1, 2023

• Czech Republic extends deadlines to data box users

• Czech Republic Increases The VAT Registration Threshold

---

Bad Debts (Relief for Underpaid Sales Invoices)

• Comments on C-482/21 (Euler Hermes) – Approach of the Czech VAT Act is consistent

Customs

• Customs news: Prepare for important changes

DAC7

• DAC7 Enactment for 2023

• Czech Republic Tax Agency Posts FAQs on DAC7 Reporting

Deduction (Input Tax Credit)

• KPMG Week in Tax: 13 – 17 March 2023

• Ownership of goods for VAT purposes (Supreme Administrative Court decision)

ECJ (European Court of Justice)

• Comments on C-482/21 (Euler Hermes) – Approach of the Czech VAT Act is consistent

• Czech Republic VAT news [January 2023]

• Referral to CJEU of issue relating to VAT exemption for supplies of goods to another member state – VATupdate

• Referral to CJEU of issue relating to VAT exemption for supplies of goods to another member state

E-Commerce / Electronic Services

• VAT obligations of digital transport service providers (e.g. Uber)

• Getting VAT Registered in the Czech Republic for the E-Commerce

• Obligation to register sales electronically for EET was canceled as of January 1, 2023

Exemption

• Referral to CJEU of issue relating to VAT exemption for supplies of goods to another member state

• Referral to CJEU of issue relating to VAT exemption for supplies of goods to another member state

Fiscalization

• Is it still feasible to register voluntary sales in the Czech Republic once EET has ended?

• The End of Electronic Recording of Sales in the Czech Republic

• What steps must be taken in connection with the termination of sales records?

• Cancellation of electronic records of sales in the Czech Republic from January 1, 2023

Implementation / Reform

• Cancellation of the Electronic Cash Register System (EET)

Intra-Community Transactions

• Referral to CJEU of issue relating to VAT exemption for supplies of goods to another member state – VATupdate

Rate

• Czech proposes consolidating reduced VAT rates 2024

• Czech Republic Considering Merge of Reduced VAT Rates

• Czech proposes consolidating reduced VAT rates 2024

Registration

• Getting VAT Registered in the Czech Republic for the E-Commerce

• Getting VAT registered in Czech Republic

• Czech Republic Increases The VAT Registration Threshold

• Registration threshold increase for the Czech Republic

Reporting / Compliance

• 5 VAT Country Guides on Czech Republic

• Czech Republic extends deadlines to data box users

• Electronic records of sales cancelled effective 1 January

• Change of the deadline for submitting a subsequent VAT control statement at the request of the tax authority

• New methodology for the remission of fines for failure to submit a control statement

• When is a document presumed to have been delivered to the taxable entity’s data box?

• Electronic records of sales cancelled effective 1 January

• A guide to VAT – Doing business in Czech Republic

• Tax Calendar 2023

• MOF Issues Financial Bulletin on Tax Deadline Calendar for 2023

Taxable Amount

• Amendment to VAT treatment of compensation paid to electricity and gas suppliers

Tax Authorities / Penalties

• New guidance on the waiver of tax penalties introduces the assessment of the factual aspects of the additional tax charge

• New methodology for the remission of fines for failure to submit a control statement