Understanding Invoicing Requirements in the Czech Republic: Key Legal and Practical Insights

• Invoicing in the Czech Republic follows EU and local laws such as the VAT Act and Accounting Act
• Mandatory for VAT-registered and non-VAT businesses in certain cases like intra-EU trade or reverse charge
• Invoices must be issued within 15 days, include key details, and stored for 10 years
• Foreign businesses may need to issue invoices in CZK
• Issuing invoices is a legal obligation for businesses, freelancers, and foreign companies
• VAT registered businesses must issue invoices for taxable supplies in B2B transactions
• Non-VAT payers must issue invoices if they exceed the VAT registration threshold
• Invoices are required for suppliers of goods or services to other taxable businesses
• Invoices are not mandatory for sales to private individuals unless requested
• Transactions recorded via Electronic Sales Registration do not require invoices
• Activities exempt from VAT may still request invoices
• Czech VAT Act and EU VAT Directive define invoicing regulations
• Accounting Act and Czech Civil Code also govern invoicing requirements

Source: eurofiscalis.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.

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