- A number of actions trigger the obligation to register for VAT in the Czech Republic
- VAT rates in the Czech Republic are 21% for basic goods and 12% for specific goods
- The supply of goods within and outside the EU has different VAT exemptions
- The taxable amount does not include the value-added tax
- VAT registration for domestic taxable persons is voluntary but becomes obligatory if turnover reaches CZK 2,000,000 within any 12-month period
- Group VAT registration is possible for financially, economically, and organizationally connected entities
- Failure to register for VAT can result in the tax authority doing so ex officio
- Foreign taxable persons without a seat or fixed establishment in the Czech Republic must also register for VAT if they deliver goods or provide services subject to Czech VAT obligations.
Source: accace.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
