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VAT on Advance Payments

  • VAT becomes due on advance payments if the essential characteristics of the future supply are already known.
  • This applies even when the actual supply is still uncertain.

Source: vyhledavac.nssoud.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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