- The EU Tribunal ruled that the right to deduct VAT arises at the moment the tax liability is created, not when the invoice is received.
- Czech tax authorities state this decision does not change current Czech practice, which requires possession of the invoice to claim the deduction.
- Until the ongoing review process is completed or Czech law changes, VAT deduction can only be claimed in the period when the invoice is received.
- Retroactive VAT deduction for periods before receiving the invoice is currently not allowed in the Czech Republic.
Source: danovky.cz
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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