- Czech Financial Administration issued a notice for foreign taxable persons about compliance requirements effective January 1, 2025
- Key changes to VAT Law include new obligations for foreign VAT-registered persons and penalties for non-compliance
- Foreign taxable persons must appoint a tax representative or authorized agent and provide an email address unless they have a data mailbox in the Czech Republic
- Authorized representatives can be individuals or legal entities with an accessible data mailbox
- Changes in agents must be made within 30 days if authorization expires or data box becomes inaccessible
- Non-compliance may result in a CZK 1,000 penalty per day
- Transitional period extended to September 30, 2025, with no penalties enforced during this time
- New requirements aim to improve communication with the Financial Administration
- Penalties are calculated daily, potentially leading to significant financial consequences
- Foreign taxable persons have time to comply and appoint a representative or agent
Source: vatabout.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.
