Czech Control Statements
Czech Control Statements are supplementary filings to the regular monthly VAT return by the 25th of the following month. They were introduced on 1 January 2016 by the Czech tax authorities, Financni Sprava.
They require additional details on certain taxable invoices, and help the tax authorities monitor trade and prevent VAT fraud. Both resident and non-resident VAT registered businesses must file Control Statements.
The data to be listed in Czech Control Statement includes:
- Domestic taxable supplies – sales invoices with CZ VAT included
- Domestic taxable purchases
- Transactions where the tax payer is required to declare VAT under the VAT Act
The Control Statement is uploaded online in an XML format. This enables the tax office to perform automated analyses of transactions, compare to the VAT return, and exchange data with other tax authorities.
Czech Control Statement fines
Failure to submit the filing will result in a fine of CZK 1,000 to 500,000.
Latest Czech news
February 21, 2019
The Czech Republic is moving to launch the fourth phase of roll out of live electronic reporting of retail cash and credit card payments by consumers in person or online.
January 26, 2019
The Czech Republic has become the first EU member state to request to apply the generalised reverse charge mechanism (GRCM) on domestic supplies. Its Ministry of Finance said it will look to introduce the measure in July 2020 if approved by the European Commission.
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
- Czech Republic
- United Kingdom