New rules for foreign VAT registered businesses from 1 January 2025 Effective 1 January 2025, significant amendments to the Czech VAT Act will impact foreign entities registered for VAT within the country. Although the legislation is pending final approval, it is widely expected to pass
2025 VAT registration thresholds, reverse charge and corrections updates A number of changes to the Czech VAT regime. Read more in our Czech VAT country guide. All of the below changes come into effect on 1 January 2025 The VAT turnover period will now be
Potential annual reporting of certain intra-community movements of goods Czechia has introduced from 1 January 2022 a new simplified Intrastat reporting regime. This is comes with a reporting threshold of CZK 20m (approx. €820,000) for both dispatched and arrivals of goods from other EU member
New government aims to stimulate struggling economy by reducing tax and compliance burden for small businesses UPDATE: this proposal has been paused until at least 2023. The new Czech government is aiming to increase the resident VAT registration threshold from CZK 1 million to CZK
Euro currency crisis forces tax rises The Czech Republic has increased its Value Added Tax rate from 20% to 21% from I January 2013. It had only increased it to 20% from 19% in January 2010. The reduced VAT rate will also rise from 14%
